Browsing Tag

exchange rate

Naira depreciates against dollar

The Nigerian currency, Naira, lost N2 to the dollar at the parallel market on Thursday, the News Agency of Nigeria (NAN) reports.It exchanged for N369 to the dollar, weaker than N367 posted on Wednesday, while the Pound Sterling and the…

Naira appreciates to 386/dollar

The naira has appreciated to N386 against the United States dollar as the Central Bank of Nigeria continues to supply dollars into the foreign exchange market.According to a report by The Punch, the local unit closed at N386/dollar on…

Naira falls as dollar scarcity worsens

The  Naira on Friday fell at the parallel market as dollar scarcity worsened ahead of the Christmas season.The Nigerian currency exchanged at N487 to a dollar, from N485 it had maintained for close to two weeks, while the Pound Sterling…