• About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Monday, June 9, 2025
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
Home Economy And Business

BREAKING: Naira Falls To Four-Month Low Against Dollar

by NewsOnline Nigeria
May 14, 2022
in Economy And Business, Headline
0
Naira

naira

Naira has fallen to a four-month low against the dollar.

 

 

Newsonline reports that the naira hit a four-month low Thursday, depreciating 0.30 per cent against the U.S. dollar at the official market.

 

BREAKING: US Inflation Pushes Dollar To New Highs

 

The currency which opened trading at N416.50 closed at N420.00 to a dollar at the close of business on Thursday, data published by FMDQ, where forex is officially traded showed.

 

This represents a N1.25 or 0.30 per cent devaluation from N418.75 it traded in the previous market session on Wednesday.

 

The naira hovered within an intraday high of N412.38 and slipped to a low of N444.00 before closing at N420.00 per $1 on Thursday.

 

This is the weakest rate the naira exchanged officially with the dollar in nearly five months after closing at N422.67 to a dollar on January 5, early this year.

 

Within the past four months, the currency has been trading between the range of N417.00-N419.00 and above mark before settling at N420.00 at the close of sales Thursday.

 

Forex supply jumped by 38.20 per cent with $160.00 million recorded at the close of business on Thursday against the $115.78 million posted in the previous session Wednesday.

 

Similarly, the local currency pushed towards N600.00 to a dollar at the parallel market on Thursday.

 

Uyo currency dealers exchanged the naira at N592.00 and sold N596.00 to a dollar, while Abuja black market dealers at Wuse Zone 4 said the currency was exchanged at N590.00 and sold at N593.00 per $1 on Thursday.

Previous Post

BREAKING: US Inflation Pushes Dollar To New Highs

Next Post

Black Market Dollar To Naira Exchange Rate Today 13 May 2022

Next Post

Black Market Dollar To Naira Exchange Rate Today 13 May 2022

NEWSONLINE NIGERIA

Get the Latest Naija News, Breaking News, Top Stories, World News, Business, Politics & Entertainment from NewsOnline Nigeria.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

ALERT US

Important Press Releases, Special Investigations: admin@newsonlineng.com

OFFICE ADDRESS

13 Poland Street, London, United Kingdom (UK)

Copyright © 2025 NewsOnline Nigeria

No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports

Copyright © 2023 Newsonline Nigeria

Exit mobile version