x

Naira Loses value, depreciates by 0.46%

The naira on Tuesday exchanged at N441.17 to the dollar at the investors and exporters window, a depreciation of 0.46per cent, compared with N439.17 to the dollar at the close of business on October 7.

The open indicative rate closed at N439.40 to the dollar on Tuesday.

An exchange rate of N414 to $1 was the highest rate recorded within the day’s trading before it settled at N441.17.

The naira sold for as low as N414 to $1 within the day’s trading.

On Tuesday, $73.66 million was traded at the official investors and exporters window.

Hot this week

Gbede APC Leaders Endorse Hon. Salman Idris for Second Term in House of Representatives

By Noah Ocheni, Lokoja Leaders of the All Progressives Congress...

Humanitarian Affairs Minister Congratulates Gen. Musa on Appointment as Defence Minister

By Israel Adamu, JosMinister of Humanitarian Affairs and Poverty...

SPECIAL REPORT: Nigeria’s Giant Strides in the Implementation of Sustainable Development Goals (SDGs)

Nigeria’s Giant Strides in the Implementation of Sustainable Development...

CSO Urges NAHCON to Refund Excess 2025 Hajj Fare to Over 44,000 Pilgrims

By Jabiru HassanCSO Renews Call for Refund of Excess...

Afam IPP– set to come back on stream as TCN commences rehabilitation

By Wilfred FrancisThe Transmission Company of Nigeria (TCN) has...

Wike @ 58: I Never Concealed My Support for President Tinubu from Onset

By Joyce Remi-BabayejuThe FCT Minister Barr. Nysome Wike has...

Out of Pocket Health Spending Pushes 384m Africans into Poverty, WHO Warns

By Joyce Remi-BabayejuThe World Health Organization (WHO ) quoting...

PANDEF Mourns Bayelsa Deputy, Declares Three Days mourning

The Board of Trustees and the National Executive Committee...

NCC Reacts to Quality of Service Challenges in Abuja

Wilfred FrancisThe Nigerian Communications Commission (NCC) acknowledges the Quality...

NCDMB hails Marconi’s Acqusition of Saipem’s Yard

Marconi.NG EPC Limited has strengthened its status as a...

Indigenous Oil Companies Get Boost as NCDMB Deepens Nigerian Capacity

Nigeria’s push for greater indigenous participation in the oil...

Related Articles

Popular Categories

spot_imgspot_img