Naira Strengthens Against Dollar

Posted by Thandiubani on Fri 06th Dec, 2024 - tori.ng

This represents a N41 gain against the dollar compared to the N1608 official exchange rate on Wednesday.

 
The Naira has gained against the dollar at the official foreign exchange market on Thursday.
 
Information provided by the Nigerian Foreign Exchange Market data, showed that the Naira strengthened to N1,567 per dollar on Thursday from N1,608 on Wednesday.
 
This represents a N41 gain against the dollar compared to the N1608 official exchange rate on Wednesday.
 
Meanwhile, at the black market, the Naira closed at N1715 per dollar on Thursday from N1700 traded on Tuesday.
 
This indicated that the Naira dipped by N15 at the close of trading on Thursday.
 
The development comes as the apex bank at the end of November 2024 announced fresh FX interventions.
 
Consequently, CBN directed banks to transition to the Bloomberg BMatch system for FX trading from December 2, 2024.
 
The apex bank set a minimum FX trading limit at $100,000 from $50,000.
Popular Stories
The Shocking Story Of Abortion Doctor Who Kept Foetuses Of 2,400 Babies In His Home And Car
Dangerous Habits That Can Damage Your Liver... No 5 Will Shock You
This Query Letter Issued to LG Council Staff in Bauchi State Will Make You Laugh and Roll on the Floor
See Beautiful Photos of Jesus Christ's Birthplace and Tomb in Israel (Photos)
Meet the Proud Father Who Impregnated His Own Biological Daughter (Photos)


Copyright © 2025 Tori.ng - All rights reserved
Tori.ng is owned and managed by Cyclofoss Technologies Ltd.