Categories: News

OH NO!! Naira Drops again, see the latest value

After weeks of regaining strength on the foreign exchange market, the naira moved in a reverse direction and dropped, albeit by a small margin, to 385 as against 382 on Thursday morning.

However, the tale on the international scene is different, as it rose to 308.05 to a dollar, as against 314.75 in the early hours of the day.

At the parallel market, the naira maintained its rate against the British pound, but exchanged at 410 to the euro as against 400 at the start of trading.

At the international market, the naira rose to 385.09 as against 391.04 to a pound and 330.59 as against 338.07 to the euro.

The apex bank announced an adjustment to its foreign exchange policy; making foreign exchange available for tuition, medical expenses and basic travel allowance.

It earlier directed banks to sell forex at 375 but amended the policy on Monday, and asked banks to sell at 360.

FOR ALL THE LATEST NEWS AS IT HAPPENS, CLICK HERE

Tags: money

Recent Posts

Deeone Resumes Dragging VeryDarkman After Uche Maduagwu’s Deportation Claims

Deeone, has resumed his feud with influencer Verydarkman. The conflict was sparked by Uche Maduagwu's claim that Verydarkman might be… Read More

2 hours ago

Eedris Abdulkareem Steals the Spotlight at AY’s Comedy Show with Surprise Performance

Nigerian entertainers Ayo Makun and rapper Eedris Abdulkareem engaged in a lively onstage interaction during a recent comedy show. Nigerian… Read More

2 hours ago

Regina Daniels is Facing Accusations Of An Extramarital Affair

Regina Daniels has once again found herself at the center of controversy following serious allegations made by a TikTok user.… Read More

2 hours ago

Youtuber Kai Cenat Rejoices After Receiving DM From Rihanna

A viral video features YouTuber Kai Cenat receiving a direct message from Rihanna. Kai's reaction is one of genuine surprise… Read More

2 hours ago

Daddy Freeze Reacts to Photos of Femi Fani-Kayode Laying Hands on People in Church

Daddy Freeze, a popular OAP, has responded to viral photos of former Aviation Minister Femi Fani-Kayode (FFK) laying hands on… Read More

2 hours ago

Radiogad Calls Out Cubana Chiefpriest Over Alleged Paternity Drama With Hellen Ati

Radiogad, is involved in a controversy with Cubana Chiefpriest and Hellen Ati. Hellen Ati accused Cubana Chiefpriest of exploiting her… Read More

2 hours ago

This website uses cookies.