The naira appreciated for the second consecutive day in the foreign exchange market as the turnover of FX supply surged.
According to FMDQ data, the naira strengthened to N1,473.66 against the dollar on Tuesday, up from N1,483.62 on Monday. This marks a gain of N9.96 recorded on Tuesday.
In the parallel market, the naira held steady at N1,470 against the dollar on Tuesday, the same rate as on Monday.
This appreciation comes as foreign currency transactions surged dramatically to $385.91 million on Tuesday from $161.69 million the previous day.
Recall that the naira also appreciated against the dollar on Monday
Rice, a staple for Christmas celebrations in Nigeria, has become a luxury this year. Soaring…
Panic erupted on Saturday at a concert in Lagos when the stage collapsed during Odumodublvck’s…
The Federal Government of Nigeria has allocated ₦6,364,181,224 billion for the refurbishment and rehabilitation of…
The black market dollar to naira exchange rate for today, 22nd December 2024, can be…
The Nigerian National Petroleum Company Limited (NNPCL) has refuted claims that the 60,000 barrels per…
Manchester City finds itself in unprecedented turmoil, with relegation-level form showing little sign of improvement.…