Categories: BusinessTop News

Naira tumbles to all time low of N1,825/$ at parallel market

THE Naira, on Tuesday, weakened to N1,825 to the dollar, shading N95 from the N1,730/$1 it exchanged on Monday at the unofficial (parallel) market, according to Bureau De Change sources.

At the official foreign exchange market, the local currency gained N46.76 to close at N1,551.24 to the dollar from N1,598.54/$1 on Monday, data obtained from the FMDQ showed.

In the same way, the local currency tumbled to N2,210 to the British Pound Sterling (GBP) on Tuesday, compared to Monday’s close of N2,100/£1 while it settled at N1,250  to the Canadian Dollar (CAD), the same as Monday’s rate.

Chima Nwokoji

Recent Posts

What to know about India’s airstrikes on Pakistan, Kashmir

Prime Minister Narendra Modi said the country would hunt the suspects "till the ends of…

6 minutes ago

21 out of 24 defected opposition lawmakers since July 2024 go to APC — Reps

No fewer than 21 out of 24 opposition members of the House of Representatives have…

14 minutes ago

EFCC questions Iyabo Ojo over spraying of Naira, Dollars at daughter’s wedding

Nollywood actress and filmmaker Iyabo Ojo has broken her silence following an invitation by the…

23 minutes ago

6 Businesses You Should Never Do

Starting a business can be exciting, but not all businesses are worth your time or…

38 minutes ago

Kano: Police arrest woman for allegedly killing husband nine days after wedding

Kano State Police Command has confirmed the arrest of 18-year-old Saudat Jibril for allegedly killing…

55 minutes ago

Taravest 2025: Taraba open for business — Commissioner

Taraba State Commissioner for Information, and Reorientation, Barr Zainab Usman Jalingo has disclosed that with…

1 hour ago

Welcome

Install

This website uses cookies.