Naira gains at official forex market

0

Naira strengthened against the U.S. dollar at the official market on Tuesday.

The local unit appreciated 0.52 per cent from N431.00 to close at N428.75 to a dollar on Tuesday, data published on the FMDQ website where forex is officially traded, showed.

Forex turnover on Tuesday decreased 1.8 per cent to $113.64 million from $115.67 million recorded in the previous session on Monday.


ALSO READ: Naira stable at official forex market


The naira hovered within an intraday high of N417.00 and depreciated to a low of N444.00 before closing at N428.75 per $1 on Tuesday.

However, the local unit recorded a slight decline at the street market on Tuesday.

Currency dealers at the Uyo black market said they bought the dollar at N667.00 and sold it at N670.00 to a dollar on Tuesday, as against the N663.00 it was exchanged in the previous market session on Monday.

At the Abuja parallel market on Tuesday, exchangers said the dollar was exchanged at N665.00 and sold at N668.00 at the close of business on Tuesday.


Support PREMIUM TIMES’ journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate



TEXT AD: Call Willie – +2348098788999

TEXEM Advert






PT Mag Campaign AD

Stay connected with us on social media platform for instant update click here to join our  Twitter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

For all the latest  Business News Click Here 

Read original article here

Denial of responsibility! Rapidtelecast.com is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
Leave a comment