Naira on Friday depreciated further against the dollar at the Investors and Exporters window, exchanging N472.50 to the dollar.
The local currency showed a 0.64 per cent decrease when compared with N469.50 it exchanged for the dollar on Thursday.
The open indicative rate closed at N471.32 to the dollar on Friday.
An exchange rate of N477 to the dollar was the highest rate recorded within the day’s trading before it settled at N472.50.
The Naira sold for as low as 460 to the dollar within the day’s trading.
A total of 77.42 million dollars was traded at the official Investors and Exporters window on Friday.
According to report, President Bola Tinubu, on Friday, suspended the Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, from office with immediate effect.
This is sequel to the ongoing investigation of his office and the planned reforms in the financial sector of the economy, according to a statement on Friday by the Director of Information, Office of the Secretary to the Government of the Federation, Willie Bassey.
According to the statement, Emefiele has been directed to immediately hand over the affairs of his office to the Deputy Governor (Operations Directorate), who will act as the CBN governor pending the conclusion of the investigation and the reforms.
The CBN listed the Deputy Director, Operations Directorate, as Mr Folashodun Adebisi Shonubi.
News Update Reports indicate that 40 people were killed, but according to the police, recorded…
News Update A former Special Assistant to the Governor on Mobilization, Hon. Bimbola Salas, has…
THE Adamawa Progressive Elders Council has formally congratulated Barrister Idris Shuaibu following his election as…
...To Appoint 1,000 Aides News Update In the ongoing drive to enhance efficiency and deepen…
Minister of Foreign Affairs, Yusuf Maitama Tuggar, has resigned from President Bola Tinubu’s cabinet to…
Otuagasa Foundation calls out security agencies over Osun-Osogbo Sacred Grove THE Otuagasa Foundation has called…