ADVERTISEMENT

Shilling inclined toward weakening as energy firms' demand weighs

At 0744 GMT, commercial banks quoted the shilling at 101.20/40 to the dollar compared with Friday's closing level of 101.15/35.

A currency dealer counts Kenya shillings at a money exchange counter in Nairobi October,  file.  REUTERS/Antony Njuguna

The Kenyan shilling was biased toward weakening against the dollar on Monday, undermined by hard currency demand from energy importers.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

'I don’t know where to start from' — man laments destruction of Lagos beach business

'I don’t know where to start from' — man laments destruction of Lagos beach business

May Day: President Bola Tinubu’s speech

May Day: President Bola Tinubu’s speech

Bishop Oyedepo issues crucial message to 'Yahoo Yahoo' enterprises

Bishop Oyedepo issues crucial message to 'Yahoo Yahoo' enterprises

FG confirms new minimum wage will take effect from May 1, 2024

FG confirms new minimum wage will take effect from May 1, 2024

House of Reps assures end to fuel queues soon, says scarcity temporary

House of Reps assures end to fuel queues soon, says scarcity temporary

Borno retirees demand pension increase, lament ₦4,000 monthly payment

Borno retirees demand pension increase, lament ₦4,000 monthly payment

Government plans to reduce daily working time by 1 hour

Government plans to reduce daily working time by 1 hour

Akpabio pledges better wages, working conditions for Nigerian workers

Akpabio pledges better wages, working conditions for Nigerian workers

Workers shouldn't only celebrate but build productive workforce - First Lady

Workers shouldn't only celebrate but build productive workforce - First Lady

ADVERTISEMENT
ADVERTISEMENT