POPULAR
  • How Design A wEBSITE
  • BBN
  • Basket Ball
  • Box Office
  • CONTACT US
SUBSCRIBE
  • Home
  • News
  • World News
  • Breaking
  • Sport
  • Entertainment
  • Business
  • Health & Fitness
Reading: Naira appreciates massively against US dollar at forex market
Share
BrainBoxNews - Breaking News - Nigeria News - Entertainment NewsBrainBoxNews - Breaking News - Nigeria News - Entertainment News
Aa
  • News
  • World News
  • Sport
  • Trending
  • Adventure
Search
  • Home
    • Home 4
  • Categories
    • News
    • World News
    • Sport
    • Trending
  • Bookmarks
    • My Bookmarks
    • Customize Interests
  • More Foxiz
    • Blog Index
    • Sitemap
Have an existing account? Sign In
Follow US
© Foxiz News Network. Ruby Design Company. All Rights Reserved.
BrainBoxNews - Breaking News - Nigeria News - Entertainment News > Blog > Latest News > Naira appreciates massively against US dollar at forex market
Latest News

Naira appreciates massively against US dollar at forex market

Brainbox
Last updated: 2024/01/24 at 1:11 PM
Brainbox
Share
1 Min Read
Naira appreciates massively against US dollar at forex market
SHARE


Naira appreciates massively against US dollar at forex market

The Naira appreciated massively against the US Dollar at the foreign exchange market on Tuesday.

Data from FMDQ showed that the Naira depreciated to N878.61 on Tuesday from N925.45 on Monday.

The figure represents N46.73 gain or a 5.05 per cent gain to close at N878.61 in the local currency compared to the N902.45 per US Dollar it closed on Monday.

This is the first time the country’s currency has strengthened against the Dollar this week.

Meanwhile, the Naira remained unchanged at the parallel market, trading at N1360 per dollar, the same as the previous day.

The development comes as forex turnover at the close of the trading on Tuesday was $58.46 million, representing a 20.28 per cent decrease compared to the previous day.

The Central Bank of Nigeria governor, Olayemi Cardoso, will hold his first Monetary Policy Committee meeting since resuming office on February 26 and February 27, 2024.



Source link

You Might Also Like

Netanyahu visits western wall, prays for wellbeing of Israeli soldiers

Trump’s Iran strike is a huge win for Netanyahu but the endgame is as unclear as ever

US strikes against Iran not aimed at regime change, Pentagon chief says

BBNaija Star, Tacha Stuns Fans As She Shows Off Her Hot Bod In S*xy Bikini Photos

TAGGED: appreciates, dollar, forex, market, massively, naira
Brainbox January 24, 2024
Share this Article
Facebook Twitter Email Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

New Releases

Trending Stories

Netanyahu visits western wall, prays for wellbeing of Israeli soldiers
Latest News

Netanyahu visits western wall, prays for wellbeing of Israeli soldiers

June 23, 2025
Game

World of Warcraft Burning Crusade Classic Leaks Ahead of BlizzCon

May 14, 2022
News

She-Hulk: Attorney at Law review – female empowerment has never been so much fun

May 16, 2022
World News

Eight years after leading Buhari to Obasanjo, Tinubu meets ex-president for own ambition

May 16, 2022
Sport

Nationwide blackout, N3b lost to TCN strike as grid crashes

May 16, 2022
Entertainment

British billionaire Sir Jim Ratcliffe move to buy Man United

May 16, 2022

Follow US on Social Media

Facebook Youtube Steam Twitch Unity

© Brainbox News Network. All Rights Reserved.

More from Brainbox

  • Job @brainboxnews.com
  • Privacy Policy
  • Advertise
  • Subscribe

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?