Following weeks of decline, the Nigerian Naira has registered a notable appreciation of N61.38 against the US Dollar in the official foreign exchange market.
According to data from FMDQ, the Naira experienced a significant surge, rising by N1459.02 per Dollar on Wednesday, as opposed to N1520.40 recorded on Tuesday. This marks a substantial 4.2 percent increase against the Dollar compared to the previous day’s performance.
Conversely, in the parallel market, the Naira saw a slight decline to N1515 per Dollar from the previous rate of N1520.
It is noteworthy to recall that Bureau De Change operators had previously attributed the Naira’s depreciation to insufficient foreign currency allocation by the Central Bank of Nigeria.
The Osun State Police Command has apprehended suspected members of the proscribed Yoruba Nation group.…
Lobi Stars have ramped up preparations for their Nigeria Premier Football League matchday three clash…
The Nigerian Army has reported that its troops have effectively neutralized terrorists, recovered weapons, and…
Galatasaray forward, Michy Batshuayi has clarified that there is no rivalry between him and Super…
The Bauchi State Police Command has arrested a dismissed soldier, Aliyu Adamu, for defrauding three…
Instagram has unveiled a new feature called ‘teen accounts’ designed to enhance the safety of…