The opposition African Democratic Congress (ADC) party has rejected the results of Saturday’s gubernatorial election …
Read More »Naira drops N30 to N1,596/$1 on official exchanges
The naira weakened by N30 against the US dollar on the official exchange on Friday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency was trading at N1,596/$1, up from N1,566/$1 recorded on Thursday. The intraday high and low prices recorded during the day were N1,619/$1 and N1,495/$1 respectively, indicating a narrow spread of N124\$1. …
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