Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Naira loses 1.5k against dollar

27 June 2014, 19:02

Lagos - The naira on Friday depreciated against the dollar, dropping by N1.5k at the Bureau De Change (BDC) market.

The naira was traded at N166.5k  as against N165 which it traded on June 23 at the market.

At the official market, the currency was sold at N155.23k to the dollar, an amount it maintained since June 23.

Similarly, it dropped by N8 against the pound sterling at the BDC market, selling at N288, down from N280 it recorded on Monday.

The currency depreciated in transactions at the official market, recording 24 kobo loss against pound sterling as it was sold for N264.36k instead of  N264.12k it was traded on Monday.

At the black market, Naira was traded against the pound sterling the same amount it was sold at the BDC market.

Against the euro at the bureau de change,  the naira was sold at N235 from N224 it was sold on Monday.

Similarly, at the official market, it exchanged at N211.43k against the euro, compared with N211.26k it was sold on Friday.

The naira against the euro at the black market was traded at N214.50 compared with the N213 it was sold on June 23.

-    NAN

For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page.


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...