P
ProfRem
Guest
The naira exchange rate on Tuesday appreciated further at the inter-bank market closing at N314.13 as against its closing rate last Monday of N316.50 to a dollar.
On the other hand, the naira dropped to 380 against the United States dollar at the parallel market on Tuesday, down from the 382 it closed on Monday.
The local currency had hovered between 375 and 380 against the greenback since last week.
The currency has been under a persistent pressure as dollar scarcity continues to weigh on the local currency at both the parallel and interbank forex markets.
Naira Watch: Tracking Nigeria's Currency [Day 28]
Monday - Closed: 316.50
Today Open: N320.25
High Rate: N320
Low: N308.25
Related: Nigeria's External Reserves Drop to $26.2bn
On the other hand, the naira dropped to 380 against the United States dollar at the parallel market on Tuesday, down from the 382 it closed on Monday.
The local currency had hovered between 375 and 380 against the greenback since last week.
The currency has been under a persistent pressure as dollar scarcity continues to weigh on the local currency at both the parallel and interbank forex markets.
Naira Watch: Tracking Nigeria's Currency [Day 28]
Monday - Closed: 316.50
Today Open: N320.25
High Rate: N320
Low: N308.25
Related: Nigeria's External Reserves Drop to $26.2bn
Last edited by a moderator: