{"id":15641,"date":"2024-02-05T21:02:37","date_gmt":"2024-02-05T21:02:37","guid":{"rendered":"https:\/\/nigerdeltanews.ng\/naira-gains-against-us-dollar-at-foreign-market\/"},"modified":"2024-02-05T21:02:37","modified_gmt":"2024-02-05T21:02:37","slug":"naira-gains-against-us-dollar-at-foreign-market","status":"publish","type":"post","link":"https:\/\/nigerdeltanews.ng\/naira-gains-against-us-dollar-at-foreign-market\/","title":{"rendered":"Naira gains against US Dollar at foreign market"},"content":{"rendered":"<div>\n<p>The Naira recorded a significant gain against the US Dollar at the Foreign Market amid the Central Bank of Nigeria\u2019s sweeping policy interventions.<\/p>\n<p>Data from FMDQ showed that the Naira appreciated N1419.86 per Dollar on Monday from N1,435.53 on Friday.<\/p>\n<p>This represents a 1.1 per cent or 15.67 gain compared to N1,435.53 recorded at the close of trading on Friday.<\/p>\n<p>Similarly, Naira recorded a gain at the parallel market, which traded at 1,410 per US dollar on Friday from N1,440 last Friday.<\/p>\n<p>In the last seven days, CBN, under its Governor, Olayemi Cardoso, has released four policy reforms to wrestle down the free fall of Naira.<\/p>\n<p>CBN last week issued \u2018Financial Markets Price Transparency and Market Notice of a revision to the FMDQ FX Market Rate Pricing Methodology\u2019 resulting in the weakening of Naira from N891.90 per US dollar on 26th January to N1,410 on Monday.<\/p>\n<p>Similarly, DAILY POST recalls that CBN also released a guideline last week Wednesday to curb foreign currency hoarding and speculation.<\/p>\n<p>Also, the CBN issued fresh guidelines for International Money Transfer Operators in Nigeria and removed the cap on the exchange rate quoted by IMTOs.<\/p>\n<p>Naira gains against US Dollar at foreign market<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Naira recorded a significant gain against the US Dollar at the Foreign Market amid the Central Bank of Nigeria\u2019s&hellip;<\/p>\n","protected":false},"author":1,"featured_media":15642,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4161,939,15,7827],"tags":[519,948,943,180],"class_list":["post-15641","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-naira","category-news","category-us-dollar","tag-business","tag-dollar","tag-naira","tag-news"],"_links":{"self":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/posts\/15641","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/comments?post=15641"}],"version-history":[{"count":0,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/posts\/15641\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/media\/15642"}],"wp:attachment":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/media?parent=15641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/categories?post=15641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/tags?post=15641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}