Naira falls to N1,350.45/$ at NFEM, extending November losses
- ✦Naira weakens further in November The exchange rate data showed that the naira lost N2.45 against the dollar between November 4 and November 5, taking its cumulative depreciation from the November 2 closing rate to N4.44.
- Data from the Central Bank of Nigeria’s (CBN) website showed that the currency depreciated from N1,348 per dollar recorded on November 4, after also closing at N1,347.75 on November 3 and N1,346.01 on November 2.
- The naira weakened to N1,350.45 per dollar at the Nigerian Foreign Exchange Market (NFEM) on November 5, extending its losses in the first week of November.
- Naira weakens further in November The exchange rate data showed that the naira lost N2.45 against the dollar between November 4 and November 5, taking its cumulative depreciation from the November 2 closing rate to N4.44.
The naira weakened to N1,350.45 per dollar at the Nigerian Foreign Exchange Market (NFEM) on November 5, extending its losses in the first week of November.
Frequently Asked Questions About This Story
What is the latest development regarding Central Bank of Nigeria?
Data from the Central Bank of Nigeria’s (CBN) website showed that the currency depreciated from N1,348 per dollar recorded on November 4, after also closing at N1,347.75 on November 3 and N1,346.01 on November 2.
Who are the key organizations or public figures mentioned?
The primary parties identified in this coverage include Central Bank of Nigeria, Airtel Nigeria, Dangote Group.
What timeline or key figures were confirmed?
Airtel Africa fixes N1,347.44/$ rate for interim dividend, implying N41.77 per share for NGX holdersNGX plunges N3.28 trillion as Dangote Cement, Presco, UACN, HBM Nigeria, Tier 1 banks fallETFs slump in October as Stanbic IBTC ETF 30 falls 32.66% The currency traded within a range of N1,348 to N1,350.50 per dollar on November 5.
