Business News
Naira slumps against dollar in official, parallel markets
The naira fell against the United States dollar at both the official and parallel foreign exchange markets on Monday, beginning the week on a negative note.
According to data from the Central Bank of Nigeria, the naira closed at N1,437.29 per dollar, down from N1,436.58 recorded at the end of trading on Friday.
This means the local currency weakened by N0.71 compared to last week’s closing rate.
Similarly, the Naira also declined by N15 to N1,465 per dollar on Monday down from N1;450 lon Friday.
The development comes despite the continued rise in Nigeria’s external reserves, which stood at $43.35 billion as of November 7th, up from $43.32 recorded the previous day, according to CBN data.
Follow Us on Google Discover
Politics54 minutes ago
Opposition will front a single candidate against Tinubu, announcement will be made few days to election – Lukman
Sports4 hours ago
La Liga: Unstoppable Barcelona beat Real Betis 5-2 to extend winning run
Sports4 hours ago
EPL: Super Eagles star Iwobi fires Fulham to first league victory
News5 hours ago
Ogun hospital under fire as Nurse dies of asthma attack amid alleged oxygen failure
News5 hours ago
Maryam Babangida Center for Women Devt gets first wheel chair ramp after 34 years
Politics7 hours ago
Shettima inaugurates Arewa for Asiwaju campaign office in Abuja
Politics8 hours ago
2027: ‘APM will beat Tinubu in 12 battleground states’ – Makinde’s campaign team
News8 hours ago
Veteran Journalist, diplomat Dele Cole dies at 86
News8 hours ago
Suspended NSCDC commandant apologises over deaths of suspected illegal miners in Niger
Sports9 hours ago
EPL: Martinez rushed to hospital after head injury as Chelsea beat Everton
News9 hours ago
COAS arrives Borno as Military moves to clear terrorist camps, rescue abductees
World10 hours ago
Macky Sall quits race for UN Secretary-General position
Politics10 hours ago
Buhari backed Osinbajo’s presidential ambition four times, Akande tells Babachir Lawal
News11 hours ago
Dr. Benjamins‑Laniyi urges media to amplify women’s leadership, adopt gender‑sensitive reporting
World13 hours ago
Pope Leo XIV set to leave hospital after lung cancer surgery
Jobs / Vacancies1 day ago
Erisco Foods announces 13 job openings across Nigeria – Apply Now
Politics1 day ago
2027: Step down if you are not working for Tinubu – Deji Adeyanju dares Obi, Kwankwaso
Jobs / Vacancies1 day ago
House Officers, Nurses, Radiographers, Others wanted as DELSUTH opens recruitment – Apply Now
News1 day ago
Tinubu reappoints Bala Bila as INEC commissioner, nominates six others
World2 days ago
Elon Musk unveils Tesla’s ‘flying’ car in stunning demonstration
Politics24 hours ago
2027: Kwankwaso a goat in sheep’s clothing, secretly working for Tinubu – Atiku Campaign Council
Politics2 days ago
2027: Tinubu to miss rallies in over 20 States as APC releases campaign timetable
Politics1 day ago
33 Governors cannot be wrong in supporting Tinubu – Bayo Onanuga
Metro2 days ago
Gunmen storm Plateau, kill traditional ruler at residence
News2 days ago
Outrage as suspected cultists unveil renovated police post in Rivers
Politics2 days ago
2027: ‘Atiku, Obi, Duke, Makinde are not threats to Tinubu’, says APC
Politics1 day ago
Atiku fully fit, ready to campaign in all 36 states, interact with Nigerians – ADC PCC
News1 day ago
2027: ‘Don’t trust your destiny to ‘kalokalo’ people’ – Wike warns Rivers voters against Atiku, Amaechi, Obi
News1 day ago
BREAKING: Oyebanji makes history as first Ekiti Governor to win second consecutive term
Metro2 days ago