The Nigerian forex, the naira, continued to react negatively to the idea of workplace of Donald Trump because the forty seventh President of the USA by depreciating marginally in opposition to the greenback at each the official window and parallel market on Tuesday, January 21, 2025.
FMDQ information confirmed that the naira depreciated to N1,552.78/$1 on Tuesday, January 21, 2025, from N1,550.05/$1 recorded on Tuesday, January 20, 2025.
This represents a lack of N2.37 in opposition to the greenback.
Equally, within the black market, the naira closed negatively in opposition to the greenback to commerce at N1,670/$1 as in opposition to the earlier fee of N1,660/$1 representing a lack of N10 for the native forex.
In the identical vein, the naira misplaced N10 in opposition to the British Pound to commerce at N2,080/£1 as in opposition to yesterday’s fee of N2,070£1.
The naira continues to carry regular in opposition to the Canadian Greenback at N1,280/CA$1.
The naira misplaced N5 in opposition to the Euro to commerce at ₦1,700/€1 as in opposition to yesterday’s fee of ₦1,695/€1.
By: Babajide Okeowo
