Categories: BusinessNews

Naira dips slightly at official market, settles at N1,343.6

The Naira ended the week on a mildly negative note at the official foreign exchange market, depreciating to N1,343.63 against the U.S. dollar on Friday.

Data from the Central Bank of Nigeria (CBN) showed the local currency shed N1.33, representing a 0.09 percent decline from Thursday’s rate of N1,342.30 to the dollar.

The slight reversal snapped a two-week appreciation streak the Naira had sustained before Friday’s dip.

The currency opened the week at N1,356.18 on Monday before recovering to N1,343.76 on Tuesday and holding steady at N1,343.74 on Wednesday.

LUKMAN ABDULMALIK

Recent Posts

Ruth Kadiri dismisses death rumour

Nollywood actress and filmmaker Ruth Kadiri has dismissed social media reports claiming that she died,…

4 hours ago

I knew Jarvis was my wife after her support — Peller

Nigerian TikToker Peller has recounted how his partner, Jarvis, supported him financially when he was…

5 hours ago

NOUN bursar shot dead in Zamfara

The University Bursar of the National Open University of Nigeria (NOUN), Mallam Nasiru Gusau Marafa,…

6 hours ago

Military, NFIU disrupt terrorists’ funding networks — Defence minister

The military and intelligence agencies have disrupted key financial and operational networks supporting Boko Haram…

7 hours ago

Lagos bans schools from forcing parents to buy books, uniform

The Lagos State Consumer Protection Agency (LASCOPA) has cautioned schools against compelling parents and guardians…

7 hours ago

Namadi appoints late emir’s son as new Gumel monarch

Jigawa State Governor Umar Namadi has approved the appointment of Dr Lawan Ahmed Muhammad Sani…

7 hours ago

This website uses cookies.