Naira Weakens to N773.98/$1 at Investors and Exporters Window

Date:

September 19, 2023.

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Azonuchechi Chukwu.

The Naira opened the new week on a negative note against the US Dollar in the Investors and Exporters (I&E), black market.

The Nigerian Naira lost 2.26 per cent or N17.07 against the greenback during the trading session to quote at N773.98/$1, in contrast to the preceding day’s value of N756.91/$1.

The weakening of the local currency was influenced by the incessant forex supply issues, as the value of transactions grew by 39.9 per cent or $18.34 million to $64.22 million from the previous session’s $45.88 million.

It was not different in the parallel market, with the Naira losing N4 against the American currency on Monday to close at N964/$1, in contrast to last Friday’s exchange rate of N960/$1.(www.maoja247news.com).

Chukwu Azochukwu, The Naija247news
Chukwu Azochukwu, The Naija247newshttps://gravatar.com/azonuchechivchukwu
Azonuchechi Chukwu - Business Journalist at Naija247news.com Azonuchechi Chukwu is a seasoned business journalist contributing to the insightful coverage of economic and financial news at Naija247news.com. With a passion for unraveling the complexities of the business world, Azonuchechi brings a wealth of expertise and dedication to his role. As a Business Journalist, Azonuchechi specializes in providing comprehensive analyses of market trends, corporate developments, and economic indicators. His in-depth reports offer Naija247news.com readers a nuanced understanding of the forces shaping the Nigerian and global business landscapes. Azonuchechi Chukwu's commitment to journalistic excellence is evident in his ability to translate complex financial information into accessible and engaging narratives. Whether exploring stock market fluctuations, corporate strategies, or economic policies, he strives to deliver content that empowers readers with valuable insights. With an educational background in business and a keen interest in the intersection of finance and technology, Azonuchechi stays at the forefront of industry dynamics. His coverage extends beyond traditional financial reporting, encompassing the dynamic realms of fintech, entrepreneurship, and sustainable business practices. Azonuchechi Chukwu's work goes beyond the surface, aiming to foster financial literacy and awareness among Naija247news.com's audience. By demystifying economic complexities and shedding light on emerging opportunities, he plays a pivotal role in keeping readers well-informed in the fast-paced world of business. As Naija247news.com's Business Journalist, Azonuchechi Chukwu continues to make meaningful contributions to the platform's mission of delivering timely, accurate, and relevant business news to its diverse audience. His dedication to journalistic integrity and his ability to navigate the intricacies of the business realm make him an invaluable asset to the Naija247news.com team.

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