Naira Loses Against Dollar…See Latest Exchange Rate

December 7, 2021
19 Views

Naira has recorded a loss against the dollar at the official market on Monday.

According to Premium Times, this came after the local unit recorded slight gains on Thursday and Friday last week.

The domestic currency which opened at N413.85 closed at N415.00 to a dollar at the close of business on Monday, data posted on the FMDQ securities exchange windows where forex is officially traded showed.

This represents a N0.27 or 0.07 per cent devaluation from the N414.73 rate to a dollar it exchanged on Friday last week.

Naira hit an intraday high of N404.00 and a low of N459.85 before closing at N415.00 per $1 on Monday, with $225.94 million recorded as forex turnover at the close of business of the day’s business.

At the black market in Uyo and Abuja, dealers said they exchanged the naira at N565.00 and sold between the range of N567 and N570.00 to a dollar on Monday, the same range the currency traded at the market segment last week Thursday and Friday respectively.

You may be interested

We Are Saints Compared To Today’s Level Of Corruption In Nigeria – Babangida
News
News

We Are Saints Compared To Today’s Level Of Corruption In Nigeria – Babangida

Webby - January 17, 2022

Former military president, General Ibrahim Badamasi Babangida (rtd), said that public officials in his time were saints compared to the…

JUST IN: APC governors’ forum DG resigns as crisis rages over convention
News
5 views
News
5 views

JUST IN: APC governors’ forum DG resigns as crisis rages over convention

Webby - January 17, 2022

The Director-General of the Progressive Governors’ Forum (PGF), Salihu Mohammed Lukman, has resigned as crisis rages over the All Progressives…

BREAKING: Salihu Lukman Resigns As APC Governors Forum DG Amid Convention Controversy
News
7 views
News
7 views

BREAKING: Salihu Lukman Resigns As APC Governors Forum DG Amid Convention Controversy

Webby - January 17, 2022

Salihu Lukman, director-general of the Progressive Governors Forum (PGF), has resigned from his position, TheCable understands. His resignation is coming…

Leave a Comment

Your email address will not be published.