Connect with us

    Hi, what are you looking for?

    E-Financial

    Naira trades N1750 against dollar at black market -Ravenewsonline

    NAIRA EXCHANGE RATE

    Nigerian naira depreciated to N1675.49 and N1750 against the dollar at the official and parallel foreign exchange markets respectively at the close of trading on Thursday, October 1.

    The rate which was N1631.17 on Wednesday weakened to N1675.49 per dollar on Thursday according to data from FMDQ a loss of N44.32.

    At the black market, the legal tender remained flat at N1750 per dollar on Thursday, the same exchange rate traded on Wednesday.

    The depreciation of Naira comes despite the foreign exchange transaction turnover increase to $166.61 million on Thursday from $128.98 million recorded the previous day.

    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    Your email address will not be published.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

    E-Financial

    Polaris Bank, Nigeria’s leading digital retail, and commercial bank, on Tuesday hosted corporate customers in the non-oil sector at its Global Trade Forum. The...

    News

    Bill Gates, Chair of the Bill & Melinda Gates Foundation, has called on global leaders to make bold choices that could save millions of...

    News

    President Bola Tinubu has declared Nigeria’s ambition to host the 2030 Commonwealth Games a “dream” that must be realised, urging the international sporting body...

    News

    South Korea has opened a criminal trial for Kim Keon Hee, the wife of impeached former president Yoon Suk Yeol, marking the first time...