• General News
  • Health
  • Entertainment
  • Sports
  • Finance
  • Business
  • Tech Innovations
  • Pod News

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

MULTI CHOICE ANNOUNCES NEW PRICE FOR DSTV, GOTV SUBSCRIBERS

March 22, 2022By Damaris Dankaro

Anxiety as Armed Security Operatives Take Over Cross River Assembly

March 22, 2022By Damaris Dankaro

Kaduna imposes 24-hour curfew on two councils over death of many and burning of over70 homes

March 22, 2022By Damaris Dankaro
Facebook Twitter Instagram
Facebook Twitter Instagram
Buj News
Dark/Light Mode
  • General News
  • Health
  • Entertainment
  • Sports
  • Finance
  • Business
  • Tech Innovations
  • Pod News
Buj News
You are at:Home » Naira Falls slightly after maintaining stability at black market for three sessions.
Finance

Naira Falls slightly after maintaining stability at black market for three sessions.

The currency gained at the official market session as forex turnover plummeted at the close of the trading segment.
JamellaBy JamellaAugust 25, 20211 Comment2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter Pinterest WhatsApp Email
https://buj.com.ng/wp-content/uploads/2021/08/Naira.mp3

The currency gained at the official market session as forex turnover plummeted at the close of the trading segment.

Naira fell slightly against the U.S. dollar at the unofficial market on Tuesday, after maintaining stability at the black market for three consecutive sessions.

 

However, the naira gained at the official market session as forex turnover plummeted at the close of the trading segment.

 

According to abokiFX.com, a website that collates parallel market rates in Lagos, the local unit closed at N521.00 per $1 on Tuesday. This implies a N1.00 or 0.20 per cent devaluation from N520.00 rate it has been trading since August 19 last week.

 

Meanwhile, at the FMDQ Security Exchange where forex is officially traded, the local unit closed at N411.00 per $1 at the official market.

ALSO READ:

Naira Appreciates once again against the US dollar

This implies a N0.83 or 0.20 per cent appreciation from the N411.83 rate it traded in the previous session on Monday.

The local currency reached an intraday high of N400.00 and a low of N413.00 during the trading session before settling at N411.00 at the close of business on Tuesday.

Forex supply decreased by 55.40 per cent with $77.46 million recorded as against the $173.64 million published in the previous session on Monday.

 

The margin between the official and black-market rates is pegged at N110.00 as of the close of business on Tuesday, leaving a spread of 21.11 per cent.

Featured
Jamella

Related Posts

Finance

Nigeria’s Inflation rate drops according to NIBS

By JamellaSeptember 17, 2021
Business

Access Bank successfully launches million dollar Bond.

By JamellaSeptember 17, 2021
General News

Agritech start-up, Releaf raises over $2million from seed funding.

By JamellaSeptember 17, 2021
Health

Federal Government presently working on Nigerian Herbal Pharmacopoeia.

By JamellaSeptember 17, 2021
View 1 Comment

1 Comment

  1. Pingback: Minister of Finance states that GDP percentage growth signifies economic recovery. · Buj News

Leave A Reply Cancel Reply

Subscribe to Updates

Get the latest sports news from SportsSite about soccer, football and tennis.

Advertisement
Demo
Don't Miss
General News

MULTI CHOICE ANNOUNCES NEW PRICE FOR DSTV, GOTV SUBSCRIBERS

By Damaris DankaroMarch 22, 20222 Mins Read

Multichoice  has Announced New Prices for all Packages Starting from April 1, 2022. Nigerians are…

Anxiety as Armed Security Operatives Take Over Cross River Assembly

March 22, 2022By Damaris Dankaro

Kaduna imposes 24-hour curfew on two councils over death of many and burning of over70 homes

March 22, 2022By Damaris Dankaro

Anambra Governor Announces New Appointments

March 21, 2022By Damaris Dankaro
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

Demo
ABOUT
ABOUT

Looking for news on sports, health, business, entertainment, innovations and much more?
Get all your news in one place! Here at BUJ, entertainment meets information, keeping you up-to-date, on the go!

Facebook Twitter Instagram Pinterest YouTube
CATEGORIES
  • General News
  • Health
  • Entertainment
  • Sports
  • Finance
  • Business
  • Tech Innovations
  • Pod News
Our Picks

MULTI CHOICE ANNOUNCES NEW PRICE FOR DSTV, GOTV SUBSCRIBERS

March 22, 2022By Damaris Dankaro

Anxiety as Armed Security Operatives Take Over Cross River Assembly

March 22, 2022By Damaris Dankaro

Kaduna imposes 24-hour curfew on two councils over death of many and burning of over70 homes

March 22, 2022By Damaris Dankaro
Facebook Twitter Instagram Pinterest TikTok YouTube WhatsApp
  • Home
  • Sports
  • Health
© 2023 Copyright 2022 Buj News. All rights reserved. Privacy & Terms..

Type above and press Enter to search. Press Esc to cancel.