Naira Loses Slightly Against Dollar

September 10, 2022
65 Views

 

The Naira has fallen a little bit more against the dollar.

The Naira on Friday lost slightly to the dollar, exchanging at N436.33 compared with N436.32 on Thursday.

The open indicative rate closed at N433.83 to the dollar on Friday.

An exchange rate of N437 to the dollar was the highest rate recorded within the day’s trading before it settled at N436.33.

The Naira sold for as low as N425 to the dollar within the day’s trading.

A total of 66.02million dollars was traded at the official Investors and Exporters window on Friday.

Meanwhile, over the past month, Nigeria’s commercial banks have openly declared reduced limits on international transactions using naira debit cards to $20 per month.

It means Nigerians would be unable to use their naira debit cards to make any transactions more than $20 in a month.

This comes as a longstanding scarcity of foreign exchange continues to bite Africa’s largest economy and biggest oil exporter, Nigeria, despite the recent surge in global energy prices.

You may be interested

Pingua Vows To Come Back And Break Okpekpe Race Course Record After Winning At 10th Edition
Sports
18 views
Sports
18 views

Pingua Vows To Come Back And Break Okpekpe Race Course Record After Winning At 10th Edition

Webby - May 27, 2024

Edward Zakayo Pingua has revealed why he failed to break the 28:28 Okpekpe International 10km Road Race course record set…

Martial Confirms Man United Exit After Nine Years
News
9 views
News
9 views

Martial Confirms Man United Exit After Nine Years

Webby - May 27, 2024

Anthony Martial has confirmed that he will leave Manchester United this summer after nine years.Martial’s contract expires at the end…

NFF Discredits Report Of Unpaid Bonuses, Allowances
Sports
7 views
Sports
7 views

NFF Discredits Report Of Unpaid Bonuses, Allowances

Webby - May 27, 2024

The Nigeria Football Federation and players of the Super Eagles have lambasted a report in an online publication, which claimed…

Leave a Comment

Your email address will not be published.