Categories: BusinessTop News

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

Published by

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.

Recent Posts

I nearly gave up my PhD due to lecturers’ pressure — Patience Jonathan

"'Shey this man don't know that I'm old. Very soon, I will leave this place…

2 hours ago

Ground rent: Serious diplomatic problems await Nigeria if Wike seals foreign embassies — Falana

He warned that sealing diplomatic premises over unpaid rents would breach international law. “If we…

2 hours ago

Why you can’t compare Nigeria’s situation under Buhari to Tinubu — Fayose

“No one is saying it’s easy, but there’s no miracle that can turn around things…

2 hours ago

Suspected IED kills six in Sokoto village amid rising terrorist threat

Local sources alleged that the deadly device may have been planted by the notorious Lakurawa…

2 hours ago

US immigration protests: 700 Marines deployed to Los Angeles

Unrest in Los Angeles intensified over the weekend as protesters clashed with law enforcement officers…

3 hours ago

Delta Central APC adopts Tinubu, Oborevwori for 2027

IN a resounding display of unity, the All Progressives Congress (APC) in Delta Central Senatorial…

3 hours ago

Welcome

Install

This website uses cookies.