ReadR


Discover Content : Trends

Discover real-time trending topics, hashtags, and content from different countries.

Top Countries

Select Country:🌐

Worldwide 🌍 | Nigeria 🇳🇬 | South Africa 🇿🇦 | Kenya 🇰🇪 |

See all other continents,locations, categories and associated headlines or trending informations here using;

America:
Canada 🇨🇦 | United States 🇺🇸

Africa:
Algeria 🇩🇿 | Egypt 🇪🇬 | Ghana 🇬🇭 | Kenya 🇰🇪 |Morocco 🇲🇦| Nigeria 🇳🇬 | South Africa 🇿🇦 |

Middle East:
Turkey 🇹🇷| Cyprus 🇨🇾 |

Europe:
Finland 🇫🇮| Hungary 🇭🇺 | Italy 🇮🇹 | Slovakia 🇸🇰 | Switzerland 🇨🇭 | United Kingdom 🇬🇧

Asia:
China 🇨🇳 |

Show more
Show less

Headline : Naira Falls to N1,154/$1 at NAFEM, N1,120 at Black Market

Read more from the original article on here at businesspost.ng.




Tags : #naira #falls #n11541 #nafem #n1120 #black #market


No. of Paragraph 13

The Naira plunged against the US Dollar by N70 in the parallel market segment of the foreign exchange (FX) market on Thursday to settle at N1,120/$1, in contrast to Wednesday’s closing price of N1,050/$1.

Similarly, it had a bad day in the Nigerian Autonomous Foreign Exchange Market (NAFEM), which is the official market, as it slumped against the greenback by 7.6 per cent or N7.78 to close at N1,154.08/$1 compared with the previous day’s value of N1,072.74/$1.

However, the Nigerian currency close flat against the British Pound Sterling and the Euro in the spot market yesterday at N1,147.53/£1 and N1,220.17/€1, respectively.

Recently, the local currency strengthened towards the N1,000 per Dollar mark following a string of policies instituted by the Central Bank of Nigeria (CBN) and despite reassurance from the apex bank and fiscal authorities that it would intensify efforts, the rate at the official market tumbled.

Read more from the original article on here at businesspost.ng.


Related Headlines : Naira Falls to N1,154/$1 at NAFEM, N1,120 at Black Market (in Google.com):

Hello, below you have a "Web" tab to read more content and an "Image" tab to get related pictures

Example : Trends, Country, News, Jobs, Scholarships, Investment, Business, Politics, Adverts, Fashion, Events, Technology and more.