Finance
Naira gains N10.43 against dollar to close week
Naira on Friday closed the week stronger further appreciating against the U.S. dollar at the official market to trade at N1,386.55.
According to data released on the official website of the Central Bank of Nigeria (CBN), the naira gained N10.43.
This represents a 0.7 per cent gain when compared to Thursday when it traded at N1,396.99 to a dollar.
The naira has remained relatively stable due to the CBN reforms, experiencing weeklong appreciation.
On Monday, Tuesday and Wednesday the local currency traded at N1,418.95; N1,401.22 and N1,400.47 respectively.
(NAN)
-
News18 hours agoCardoso formally receives Central Bank of the Year Award
-
Economy18 hours agoNigeria’s Digital Boom needs nuclear power partnerships for long-term success
-
Oil and Gas19 hours agoNNPC is house of thieves, fraud; Kyari must be arrested dead or alive to account for N210 trillion—Oshiomhole
-
Oil and Gas19 hours agoDangote Refinery seeks $1bn private placement ahead of planned listing
-
Uncategorized18 hours ago
June 12 Democracy Day declaration not enough, as citizens wallow in pain – ActionAid, FG declares Friday public holiday
-
News18 hours agoMiddle East Conflict sends global growth to lowest rate since COVID-19, WBG to Provide up to $100bn for Affected countries over 15 Months—WBG
-
News18 hours agoHigh cost of cooking gas‘ll negatively impact environment, health, CPPE warns