Nigeria News

Dollar crashes as naira appreciates on Black Market

The naira strengthened against the dollar on the parallel foreign exchange market on Wednesday.

Alhasan Abubakar, a Bureau de Change operator at Wuye Zone 2, Abuja, confirmed to IDOMA VOICE that the naira traded at N1,660 per dollar, improving from N1,675 on Tuesday, marking a gain of N15.

However, on the official market, the naira slightly depreciated, closing at N1,544.20 per dollar, a decrease from Tuesday’s N1,544.05, losing N0.15.

IDOMA VOICE reports that the naira had strengthened against the dollar on both markets the day before.

Agbenu James

Recent Posts

Benue killings: Ortom cancels 64th birthday celebrations

Former Governor of Benue State, Chief Samuel Ortom, has called off all planned celebrations for…

2 days ago

Gov Alia appoints 2Face Idibia as Technical Adviser on Entertainment and Community Outreach

Benue State Governor, Hyacinth Alia, has appointed renowned music icon, Innocent "2Face" Idibia, as the…

2 days ago

Benue killings: Self defense is necessary, but let’s not be sentimental about it – Gov Alia

Governor Hyacinth Alia has stressed the importance of taking a clear-eyed, strategic approach to security…

3 days ago

Benue ranked among top HIV-affected states with over 202,000 cases – NACA

The National Agency for the Control of AIDS (NACA) has released its 2024 HIV spectrum…

3 days ago

Benue under siege: Gov Alia, NSA Ribadu clash over State’s security situation

Benue State Governor Hyacinth Alia and National Security Adviser (NSA) Nuhu Ribadu have offered contrasting…

3 days ago

11 killed as armed herdsmen attack Benue Senator Emmanuel Udende’s Hometown

At least 11 people have been confirmed dead following a fresh attack by suspected armed…

3 days ago