Saturday, January 29, 2022

    Naira loses at official market

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    Naija247news Editorial Team
    Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

    Naira recorded a slight fall against the U.S. dollar at the official market on Thursday, after a marginal gain at the spot market on Wednesday.

    According to data published on the Central Bank of Nigeria’s website, at the close of business Thursday, naira closed at N414.79 to a dollar.

    This implies a N0.18 or 0.04 per cent decline from N414.61 per $1 dollar it exchanged in the previous session on Wednesday.

    It reached an intraday high of N413.79 and a low of N414.29 before closing at N414.79 on Thursday.

    Black market dealers in Abuja said they exchanged the naira with the greenback currency at N565.00 to a dollar and sold at N568.00, against the N567.00 rate it exchanged in the previous market segment on Wednesday

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