Categories: BusinessNews

Naira Depreciates To U.S Dollar After 3 Days Of Stability – See Current Rate

Naira has dropped in value on Tuesday after being on a stable rate with the U.S dollar for three days consecutively.

Infoexpert24 understands that according to data from FMDQ securities, the official foreign exchange market for Investors and Exporters, it shows the value of the Nigerian currency versus the greenback yesterday was N415.10/$1.

Tuesday rate implies that Naira depreciated by 3 kobos or 0.01 percent when compared to N415.07/$1 on Monday.

READ ALSO: Naira Crashes Massively At Black Market, See Today’s Exchange Rate

Also at the other official market, the interbank window, the value of Nigerian currency also suffered a 3 kobo or 0.01 percent loss.

Advertisement

Data posted on the website of the Central Bank of Nigeria (CBN) showed Nigerian currency ended yesterday’s trading session at N411.02/$1 in contrast to N410.99/$1 it finished a day earlier.

However, against the Pound Sterling, the domestic currency gained N1.11 at the interbank to trade at N565.36/£1 versus N566.47/£1 of the preceding session.

Naira also appreciated against the Euro, by 79 kobo to close at N477.12/€1 compared with N477.91/€1 it traded on Monday.

Advertisement

Infoexpert24 understands that the dollar to Naira exchange rate stayed at N560 to N565 on Tuesday’s unregulated market.

Naira has dropped in value on Tuesday after being on a stable rate with the U.S dollar for three days consecutively.

Infoexpert24 understands that according to data from FMDQ securities, the official foreign exchange market for Investors and Exporters, it shows the value of the Nigerian currency versus the greenback yesterday was N415.10/$1.

Tuesday rate implies that Naira depreciated by 3 kobos or 0.01 percent when compared to N415.07/$1 on Monday.

Advertisement

READ ALSO: Naira Crashes Massively At Black Market, See Today’s Exchange Rate

Also at the other official market, the interbank window, the value of Nigerian currency also suffered a 3 kobo or 0.01 percent loss.

Data posted on the website of the Central Bank of Nigeria (CBN) showed Nigerian currency ended yesterday’s trading session at N411.02/$1 in contrast to N410.99/$1 it finished a day earlier.

However, against the Pound Sterling, the domestic currency gained N1.11 at the interbank to trade at N565.36/£1 versus N566.47/£1 of the preceding session.

Advertisement

Naira also appreciated against the Euro, by 79 kobo to close at N477.12/€1 compared with N477.91/€1 it traded on Monday.

Infoexpert24 understands that the dollar to Naira exchange rate stayed at N560 to N565 on Tuesday’s unregulated market.

Facebook Comments
Advertisement
InfoExpert24

Leave a Comment

Recent Posts

MLSCN Conducts Resource Verification Visit To Maduka University

The Medical Laboratory Science Council of Nigeria (MLSCN) on Monday conducted a resource verification visit…

11 hours ago

Hilda Baci Set To Break Guinness World Record With The Largest Pot Of Jollof

Hilda Baci Set to Break Guinness World Record with Largest Pot of Nigerian Jollof Rice…

11 hours ago

US To Review 55 Million Visas To Check If Holders Broke Rules

The US is reviewing the records of more than 55 million US visa holders to…

11 hours ago

Exploring AXA Mansard Health Limited: Your Comprehensive Guide to HMO Plans

AXA Mansard Health Limited, the Health Maintenance Organization (HMO) division of AXA Mansard group of…

3 months ago

Nigerian Insurance Industry Database

The landscape of insurance in Nigeria is one that often operates in the shadows of…

3 months ago

Zenith Insurance: Product & Services

In the unpredictable journey of life, unforeseen events can strike when least expected. To safeguard…

3 months ago