Business
Naira gains slightly against Dollar in both Official, Parallel markets
The naira appreciated on Monday to N1,600 per dollar in the parallel market, improving from N1,610 per dollar recorded over the weekend.
The local currency also witnessed a slight gain in the Nigerian Foreign Exchange Market (NFEM).
According to data released by the Central Bank of Nigeria (CBN), the official exchange rate for the naira rose to N1,605 per dollar, compared to N1,606 per dollar last Friday, reflecting a marginal N1 gain.
As a result of this movement, the gap between the parallel market and the official NFEM rate widened slightly to N5 per dollar from N4 per dollar as recorded over the weekend.
-
News2 days agoNAWOJ FCT Congratulates RMRDC DG, Ike-Muonso, on WAITRO Board Election
-
News1 day agoSowore, the Kidnap That Became an Attack, and the Burden of Credibility
-
NUJ FCT17 hours agoNUJ calls for end to impunity for crimes against Journalists
-
News17 hours agoArmy, DSS Arrest Suspected Kidnapper While Collecting Ransom In Nasarawa
-
World News11 hours agoUS to Exclude South Africa, Rwanda from AGOA Trade Deal
-
News13 hours agoMuslim-Muslim Ticket: Between Identity and Interest, A New Political Calculus for The Middle Belt and Northern Minorites Ahead of 2027
-
News11 hours agoSokoto Government Seals ADC Office Over Ownership Dispute
-
News11 hours agoNLC-TUC Rift Deepens as Ajaero, Osifo Clash Over N70,000 Transport Allowance






