Tag
NAIRA
Investing in dividend stocks has proven to be a wealth-building strategy especially for those looking for a steady stream of income.
Before you start saving in naira, here are a few things to think about.
Nigeria's external reserve continues to plunge, as it heads to its lowest position in four years and a year-to-date decline of over $2 billion.
The exchange rate also depreciated against the US dollar at the parallel market to close at N503/$1 compared to N502/$1 recorded on Tuesday.
The naira remained stable at the parallel market as it closed at N502 to a dollar on Tuesday.
The exchange rate at the parallel market depreciated by 0.4% to close at N502/$1 compared to N500/$1 recorded the previous day.
Naira remained stable against the US dollar on Friday to close at N411.67 to a dollar, the same as recorded on the previous day.
The exchange rate gained at the parallel market to close at N493/$1 on Thursday, compared to N502/$1 recorded on Wednesday.
Naira appreciated at the parallel market to close at N502/$1 on Wednesday, compared to N505/$1 recorded on the previous day.
The naira depreciated at the parallel market to close at N505/$1 on Tuesday as against N502/$1 recorded on Monday.
The exchange rate remained stable at the parallel market, as it closed at N498/$1 on Wednesday.
Naira remained stable against the US dollar at the Investors and Exporters window on Tuesday, 1st June 2021 to close at N412/$1.