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    Your email address will not be published.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

    News

    Nigeria Civil Aviation Authority (NCAA) has dismissed recent claims by Senator Orji Uzor Kalu alleging lapses in pilot preparation, substance abuse among flight crews,...

    Broadcasting

    A new study has revealed that 70 per cent of women on death row in Nigeria are mothers, underscoring the deep-rooted gender discrimination and...

    Tech

    MTN Foundation has announced that the 2025 edition of its annual Scholarship Award Ceremony and Alumni Induction will take place on Wednesday, October 29,...

    News

    Sultan of Sokoto, Alhaji Sa’ad Abubakar III, has called for the regulation of social media in Nigeria, warning that its unrestrained use poses a...