Nigeria

Naira depreciates to N361.12/$

Naira

Data from FMDQ showed that the indicative exchange rate for the I&E window rose to N361.12 per dollar from N360.85 per dollar last week Friday, translating to 27 kobo depreciation for the naira.

However, the naira appreciated by N1 in the parallel market.

Speaking to journalists in Abuja, Acting Director, Corporate Communications Department, CBN, Mr. Isaac Okorafor, said the decision was aimed at giving BDCs a level playing field to enable them compete favourably with other authorized foreign exchange dealers.

Football news:

For a about threats: It's not enough to just say no to racism. We need action, education
Liverpool and other Premier League clubs are Interested in midfielder Schalke McKenney
Real Madrid is ready to terminate the contract with Bale, paying him a salary for two years (ABC)
Manchester City were preparing for a meeting at CAS before UEFA issued a decision to ban them from the Champions League
Zidane about Hazard: This is a difficult situation. I hope that on Thursday he will be ready for 100%
Nemanja MATIC: I Think Manchester United deserve a place in the Champions League. If we win three games, we will get there
Wycombe reached the championship for the first time in 133 years. Akinfenwa (Yes, that Jock from FIFA) is going crazy-he was personally congratulated by Klopp