Naira Slips in Official Market, U.S Dollar Shows Strength

Naira weakens slightly to N1,535.9/$ as dollar gains globally

The naira slipped marginally against the US dollar on Monday, marking a soft start to the week as the greenback gained strength in global markets ahead of key US inflation data. Data from the Central Bank of Nigeria (CBN) showed the local currency depreciated by N1.68 or 0.1 per cent, closing at N1,535.9/$ compared to N1,534.29/$ at the previous close. Against the Pound Sterling, the naira appreciated slightly by 20 kobo to N2,060/£1 from N2,060…

Naira Falls to Dollar, Rises Against Pound and Euro in Mixed Forex Performance

The Nigerian naira depreciated by N1.68/$ and 0.1% against the US dollar, settling at N1,535.9/$ compared to N1,534.29/$ at the previous market close. This marginal decline reflects the ongoing dynamics in the foreign exchange market. On the other hand, the naira gained 20 kobo against the Pound Sterling, closing at N2,060/£1, and appreciated by N3.85 against the Euro, trading at N1,782.75/€. Despite the recent depreciation, currency traders and…

Naira slips in official market, U.S dollar shows strength

The naira slipped marginally against the safe-haven currency during the first trading session of the week, while the dollar showed strength in the global market. The post Naira slips in official market, U.S dollar shows strength  appeared first on Nairametrics.