Naira loses value, plunges further against dollar
Naira lost further to the dollar on Monday as it exchanged at N461.67 at the Investors’ and Exporters’ window.
The rate represented a decrease of 0.04 per cent, compared to the N461.50 it exchanged to the dollar at the close of business on Friday.
The open indicative rate closed at N461.50 to the dollar on Monday.
An exchange rate of N462.50 to the dollar was the highest rate recorded within the day’s trading before it settled at N461.67.
The naira sold for as low as N445.96 to the dollar within the day’s trading.
A total of $77.64 million was traded at the official Investors’ and Exporters’ window.
(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
States
Independence: NBA urges Nigerians to expect better future
The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.
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.”
States
Radda directs immediate payment of traditional rulers’ outstanding entitlements
The governor said no traditional titleholder entitled to such payments should be neglected.
Diaspora
NiDOA reaffirms commitment to connecting talent, contributing to Nigeria’s growth
She said the AGM marked NiDOA’s renewed commitment to fostering unity, transparency and national growth.
World
Philippines wins inaugural Eurovision Asia contest
Carmelle was among the favourites throughout the competition.
Heading 2
Gov. Yahaya urges Gombe residents to re-elect Tinubu, APC candidates in 2027
The governor cited improvements in health, education and infrastructure.
Education
2027 UTME: JAMB to introduce pre-registration app, strengthen biometric checks
The registrar added that the innovation would reduce waiting time and congestion at registration centres.
Diaspora
Nigerian Olufemi Falade identified as owner of collapsed New York building that killed eight
Mr Falade purchased the 96-year-old building in 1999.
