Naira Depreciates Against Dollar For 3rd Consecutive Day...See Latest Exchange Rate

-
The naira has continued to depreciate against the dollar and other currencies at the exchange rate market. 

 

Naira and dollar
Naira and dollar
 
Nigeria's naira continued on a low path against the dollar on Friday as it exchanged N470/$1 on Friday.
 
However, on the officially recognized NAFEX market, the forex turnover dropped by 63.7% while the exchange rate depreciated for a third consecutive trading day closing at N388.50/$1. 
 
According to Nairametric, at the black market where forex is traded unofficially, the Naira remained stable again closing at N470 to a dollar on Friday, according to information from Aboki FX a prominent FX tracking website. An Independent check by Nairametrics research also indicates a stable parallel market rate of N470/$1.
 
The Naira depreciated marginally against the dollar at the Investors and Exporters (I&E) window on Friday by 50 kobo, closing at N388.50/$1, compared with the N388 that was reported on Thursday, July 16. The opening indicative rate was N388.07 to a dollar on Friday. This represents an 11 kobo drop when compared to the N387.96 to a dollar that was recorded on Thursday.



Share this news and please don't forget to comment and then follow us on Facebook through this link for more update https://www.facebook.com/groups/536108820603279/

Comments

Post a Comment

Popular posts from this blog

Can You Believe He Is The Most Educated Actor In Nigeria? (See Pictures)

-
Image
If you have been missing the E-talk sessions, then you've been missing a lot, because we feature the Best of the best celebrities, you can follow us for timely and automated updates. The Nigerian Movie or Film Industry consists of various skilled characters and entities, who are mostly highly recognised for their dexterity in film acting and not so much in their educational background.  In fact more than 50% of the Nollywood Actors and Actresses (English and other languages), are not Educated than the High School Certificate (HSC).  To top it all, among these educated ones, which is less than 50%, only a few are also privileged to study movie or theatre arts. Others are professionals from other fields, who have grown their interest in movie and film production.  Pertinent to correct the usual notion that the level of your education determines whether you're the most educated or not, because it erronoes to believe so.  This Honorary title best fits no one other than P...
Read more

'Corruption Has Become A Way Of Life In Your Govt' - PDP Begs Buhari To Resign

-
Image
Following rampant allegations of corruption, Nigeria's President Muhammadu Buhari has been asked to resign.  President Muhammadu Buhari   The Peoples Democratic Party (PDP), has called on President Muhammadu Buhari to tender his resignation over alleged rampant cases of corruption in federal agencies.   According to The Nations, the national chairman of the PDP, Prince Uche Secondus, made the call in an ongoing media parley in Abuja.   Secondus cited ongoing corruption investigations in the Niger Delta Development Commission (NDDC), Economic and Financial Crimes Commission (EFCC), Nigeria Social Insurance Trust Fund (NSITF), and others.   The PDP chairman said corruption has become a way of life among Nigerians while President Buhari plays the ostrich.   He accused the president of abandoning his promise to fight corruption during electioneering campaigns in 2015 and 2019.   The call comes days after members of the House of Representatives on the platf...
Read more

Postponement of Burial Of Late Ajimobi: How Long Can a Muslim Corpse Last Before Burial?

-
Image
After the death of former Oyo state governor on Thursday, it was expected that he would be buried within 24 hours according to Islamic rites. But surpringly, the funeral rites of ex Senator and Governor, and has been postponed by the family. The postponement was announced by Bolaji Tunji, a spokesperson for the family of the deseased. According to the Nation Newspaper, Tunji told reporters in his Oluyole, Ibadan residence on Friday morning that the family would soon make an announcement of the burial programme. He said that the burial would be observed privately so as to be in accordance with the Nigerian Centre for Disease Control (NCDC) guidelines. Ajimobi died in a private hospital in Lagos on Thursday at 70 after being diagnosed of COVID-19. How is funeral conducted in Islam? Funerals in Islam is called "Janazah" in Arabic. It usually follows strictly specific rites which may be subject to regional interpretation and variation in custom. In all cases, burial rituals for s...
Read more