Connect with us

    Hi, what are you looking for?

    E-Financial

    Increased demand for dollar causes Naira to depreciate to 1,420/$

    NAIRA EXCHANGE RATE

    The naira depreciated further on Thursday, April 25, against the United States dollar.

    At the official market, the Naira depreciated to N1,309/$ and N1,420 at the parallel market.

    The new rate which indicates a depreciation of N90 or 6.8 per cent from N1,330 quoted by currency traders on Wednesday, April 24.

    Bureau de change operators blame the depreciation on an increase in the demand for the dollars.

    Loading

    Spread the love
    Click to comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    ad

    You May Also Like

    Politics

    Oyo State High Court in Ibadan has given the Peoples Democratic Party (PDP) the green light to proceed with its scheduled elective National Convention...

    News

    Justice Rahman Oshodi of the Lagos State Special Offences Court in Ikeja on Wednesday, convicted and sentenced Samuel Asiegbu, former financial and retail product...

    Politics

    President Bola Tinubu has declared a state of emergency on the condition of training facilities for Nigeria’s internal security agencies, including the Nigeria Police...

    News

    Justice Mojisola Dada of the Lagos State Special Offences Court has ruled that Nigerian social media personality, Ismaila Mustapha, popularly known as Mompha, has...