Finance

Naira stumbles further against dollar

The naira continued its decline against the dollar at the official foreign exchange market on Monday.

FMDQ data showed that the naira weakened to N1,548.89 against the dollar on Monday from N1,543.03 exchanged last week Friday.

This indicated that the naira fell by N5.86 compared to N1,543.03 traded at the close of last Friday.

Similarly, on the black market, the naira closed at N1,667 per dollar on Monday from N1,665.

However, the naira had been fairly stable between N1,545 and N1,660 per dollar at the official and parallel foreign exchange markets, respectively.

Last week, the Central Bank of Nigeria unveiled the Non-Resident Nigerian Ordinary Account, NRNOA, and the Non-Resident Nigerian Investment Account, NRNIA, to boost diaspora remittances.

 

Source: www.dailypost.ng

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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