Widget powered by WhatstheScore.com

Author Topic: Nigerian Naira again weakens against dollar at parallel market  (Read 40 times)

0 Members and 1 Guest are viewing this topic.

Offline newspostng

  • Global Moderator
  • Sr. Member
  • *****
  • Posts: 355
    • View Profile
Nigerian Naira again weakens against dollar at parallel market
« on: January 04, 2016, 11:35:26 PM »
The Naira on Monday depreciated by 0.8 per cent to exchange at N265 to the dollar at the parallel market.

The News Agency of Nigeria (NAN) reports that the greenback lost N2 to the dollar from its weekend value of N263.

However, at the official interbank window, the Naira exchanged at N197 to the dollar.

Traders at the market were hopeful that the Naira would rebound in 2016 if the apex bank continued to enforce its policies at the foreign exchange market.

Besides, the price of crude oil at the international market hedged up to 38.9 dollars per barrel from about 35.7 dollars per barrel at the weekend.

Oil prices rose on Monday after a breakdown in diplomatic ties between Saudi Arabia and Iran that some speculated could result in supply restrictions.

Saudi Arabia, the world?s biggest oil exporter, cut diplomatic ties with Iran on Sunday in response to the storming of its embassy in Tehran following Riyadh?s execution of a prominent Shi?ite cleric on Saturday.


Nigerian National Drug Law Enforcement Agency NDLEA' nabbed notorious drug baron

Started by internet police

Replies: 0
Views: 211
Last post September 13, 2015, 04:50:27 PM
by internet police
Nigerian terror group Boko Haram repledged allegiance to ISIS group in new video

Started by mastercode

Replies: 0
Views: 151
Last post October 07, 2015, 08:50:13 PM
by mastercode
President Obama Invites Nigerian President Buhari To White House

Started by admin

Replies: 0
Views: 134
Last post June 26, 2015, 09:17:55 AM
by admin
Buhari's first Nigerian President to stay at U.S President?s oficial guest house

Started by mastercode

Replies: 0
Views: 134
Last post July 20, 2015, 03:08:14 PM
by mastercode
Kinsmen Named Outgoing Nigerian President Jonathan "A prodigal son"

Started by mastercode

Replies: 0
Views: 514
Last post May 21, 2015, 02:13:01 AM
by mastercode