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)
-
News12 hours agoCourt orders British Govt. to pay £420m to 21 coal miners killed by colonial masters
-
Maritime12 hours agoNIMASA mulls expansion of deep blue project, calls for continued partnership with Navy
-
Economy12 hours agoBPE, stakeholders unite to rollout $500m free meters, DisCos pledge to lead drive
-
Finance12 hours agoCBN cuts 1-Year Treasury Bill rate, rejects Bids
-
Business12 hours agoMTN to acquire controlling stake in IHS Holdings, eyes full ownership
-
Agriculture12 hours agoOver 2.5m metric tonnes of food valued N2trn produced in 2yrs—FG
-
Oil and Gas12 hours agoDangote refinery backs gantry loading, cautions against costly coastal evacuation
-
News12 hours agoRaham Bello, others launch N20bn endowment fund for alma mater
