Naira falls at official market
Naira fell against the U.S. dollar at the official forex market on Monday.
The local unit which opened trading at N429.70 to a dollar depreciated 0.09 per cent to close at N430.00 to a dollar at the close of business on Monday, data published on the FMDQ website where forex is officially traded, showed.
Before the close of business on Monday, the currency value appreciated to a high of N417.00 and slipped to a low of N444.00 before closing at N430.00, with $134.30 million posted as forex turnover within this period.
At the Uyo unauthorised market, currency traders said they bought the dollar at N673.00 and sold it at N676.00 to a dollar on Monday, while exchangers at the Abuja black market on said the dollar was exchanged at N670.00 and sold at N673.0 at the close of business on Monday
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Naira fell against the U.S. dollar at the official forex market on Monday.
The local unit which opened trading at N429.70 to a dollar depreciated 0.09 per cent to close at N430.00 to a dollar at the close of business on Monday, data published on the FMDQ website where forex is officially traded, showed.
Before the close of business on Monday, the currency value appreciated to a high of N417.00 and slipped to a low of N444.00 before closing at N430.00, with $134.30 million posted as forex turnover within this period.
At the Uyo unauthorised market, currency traders said they bought the dollar at N673.00 and sold it at N676.00 to a dollar on Monday, while exchangers at the Abuja black market on said the dollar was exchanged at N670.00 and sold at N673.0 at the close of business on Monday
Support PREMIUM TIMES’ journalism of integrity and credibility
Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.
For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.
By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.
Donate
TEXT AD: Call Willie – +2348098788999
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