Naira Depreciates Against Dollar...See Latest Exchange Rate

Posted by Thandiubani on Wed 06th Apr, 2022 - tori.ng

The latest fall is happening despite improved dollar supply at the FX market.

 
The naira has continued to record loss against the dollar at the exchange rate market.
 
According to Nairametrics, naira depreciated against the US dollar on Tuesday to close at N416.83/$1 at the official window.
 
Exchange rate depreciated by 0.05% compared to N416.63/$1 recorded in the previous trading session.
 
On the hand, the exchange rate at the parallel market closed flat at N588/$1, the same as recorded in the previous trading session. This is according to information obtained from BDCs operating in Nigeria.
 
Naira depreciated marginally against the US dollar on Wednesday morning, trading at a minimum of N583 to a dollar compared to N582/$1 recorded in the previous trading session, representing a depreciation of 0.17%.
Popular Stories
Nigerian Scientists in the South-east Find Cure for HIV/AIDS
The Obituary of Senator Dino Melaye
Hilarious Posters! Which of These Church Crusades Would You Want to Attend? (Photos)
Animals Gone Crazy? See Bizarre Photos of a Horny Pig Humping a Goat (Photo)
See Full List of 65 Illegal Tertiary Institutions Released by NUC


Copyright © 2022 Tori.ng - All rights reserved
Tori.ng is owned and managed by Cyclofoss Technologies Ltd.