Business

Naira Gains At Parallel Market To N1,620/$1, Official Rates Dips To N1,615/$1

The naira on Tuesday again returned to gaining at the parallel market as it appreciated to N1,620/$.

However, the official Nigerian Autonomous Foreign Exchange (NAFEM) depreciated closing on Tuesday at N1,615.94 signifying a N33 loss compared to N1,582.94 it closed on Monday.

The parallel market however returned to gaining as it closed the N1,620 compared to the N1,680 it closed on Monday signifying N60 gain.

However, the daily turnover recorded on Tuesday was $154.16 million, the same rate quoted the previous day.

Also, the highest spot rate on Tuesday was pegged at N1778, while the lowest spot rate recorded was N1,300.

Nume Ekeghe

Follow us on:

AriseNews

Recent Posts

Federal Government Reinstates Ikechebelu as Acting Vice-Chancellor of UNIZIK

The federal government has reinstated Professor Joseph Ikechebelu as acting Vice-Chancellor of UNIZIK, nullifying Professor…

2 hours ago

Court Of Appeal Nullifies Judgment Blocking Voter Register Release For Rivers LG Polls

Court of Appeal has overturned the Federal High Court ruling barring INEC from releasing voter…

2 hours ago

Kenya Cancels Adani Contracts as US Prosecutors Charge Tycoon with Fraud

Kenya has cancelled airport and energy deals with Adani following US bribery and fraud charges…

2 hours ago

Brazil’s Former President Bolsonaro, 36 Others Indicted Over Alleged Coup Attempt In Brazil

Brazil’s former president Bolsonaro and 36 others have been indicted for allegedly attempting a coup…

2 hours ago

Republican David McCormick Triumphs As Democrat Sen. Bob Casey Concedes After Recount

Republican David McCormick won Pennsylvania Senate seat as Democratic Sen. Bob Casey concedes after recount…

2 hours ago

Trudeau Announces Temporary Tax Relief and Cheques Amid Rising Living Costs

Trudeau's government has announced plans for temporary tax relief, cheques for Canadians amid rising costs…

2 hours ago