Naira slumps against dollar in week opening
The naira on Monday depreciated against the dollar at the Investors and Exporters window, exchanging at N430.
The figure represented a decrease of 0.09 per cent compared with the N429.62 it exchanged for the dollar before the close of business on August 12.
The open indicative rate closed at N429.70 to the dollar on Monday.
An exchange rate of N444 to the dollar was the highest rate recorded within the day’s trading before it settled at N430.
The naira sold for as low as N417 to the dollar within the day’s trading.
A total of 134.30 million was traded in foreign exchange at the official investors and exporters window on Monday.
NAN
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Faith
Women’s rights champion Nafis Sadik dies at 92
In 1976, Ms Sadik became the first female recipient of the Hugh Moore Award.
Economy
Buhari can borrow forever; America, Britain borrow money too: APC Chairman Adamu
“I have no quarrel with the issues of government borrowing. Government can borrow from here till eternity.”
Anti-Corruption
Buhari trying, his regime full of corrupt officials: Keyamo
Mr Keyamo asked, “During Jonathan’s time did you hear of corruption in the security sector? No. It was the next government that brought them out.”
Opinion
Opeyemi Agbaje: How is the 2023 Presidential Contest Evolving? (1)
The elections are still six months away, which is almost an eternity in a complicated and evolving political campaign.
Heading 4
Bandits kidnap commissioner in Nasarawa
Bandits on Saturday invaded and killed a staff of Government Science Secondary School Nasarawa-Eggon in the same local council the commissioner was abducted.
Hot news Home top
African U-21 Men’s Volleyball Championships: Nigeria beat Morocco
They defeated Morocco in a straight set (25-12, 25-16, 25-20) to make the score 3-0 in Tunis.
