Naira continues slide against dollar ahead of inauguration
Nigeria’s currency maintained its downward slope against the American dollar as the advent of a new administration approaches.
On Friday, at the Investors and Exporters window, the naira traded at N464.51 to the dollar, a 0.18 per cent increase against the N463.67 to the dollar traded on Thursday.
The open indicative rate closed at N463.75 to the dollar on Friday.
An exchange rate of N632 to the dollar was the highest rate recorded within Friday’s trading before it settled at N464.51.
The naira sold for as low as 410 to the dollar within the day’s trading.
A total of 144.72 million dollars was traded at the official Investors and Exporters window on Friday.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
NationWide
Speaker Abbas hails Shettima’s re-nomination as Tinubu’s running mate in 2027
Mr Tajudeen said the vice president had remained dependable since assuming office.
NationWide
Harmonisation reforms will promote pension equity, restore confidence: PTAD
PTAD manages pensions under the old Federal Government pension arrangement.
NationWide
Mixed reactions trail FG’s N50,000 approval for WAEC, NECO exam fee
Ms Ogunkoya urged the government to balance cost recovery with citizens’ access to essential public services.
Hot news Home top
Man arrested for allegedly beating wife to death over food in Nasarawa
The police spokesman added that the suspect expressed remorse over the incident.
Heading 5
Seven die in Bauchi-Maiduguri road crash
The police spokesperson said an investigation had commenced to determine the immediate and remote causes of the accident.
World
FBI offers $50,000 reward for information on fugitive wanted for violent crimes
A federal arrest warrant was issued for Mr Singh in the United States District Court, Central District of California, Los Angeles, California on July 1.
