{"id":32434,"date":"2024-05-16T18:00:25","date_gmt":"2024-05-16T18:00:25","guid":{"rendered":"https:\/\/nigerdeltanews.ng\/naira-returns-to-depreciation-against-dollar-sheds-n73-in-single-day\/"},"modified":"2024-05-16T18:00:25","modified_gmt":"2024-05-16T18:00:25","slug":"naira-returns-to-depreciation-against-dollar-sheds-n73-in-single-day","status":"publish","type":"post","link":"https:\/\/nigerdeltanews.ng\/naira-returns-to-depreciation-against-dollar-sheds-n73-in-single-day\/","title":{"rendered":"Naira returns to depreciation against dollar, sheds N73 in single day"},"content":{"rendered":"<div>\n<p>The Naira has returned to depreciation against the dollar in the foreign exchange market.<\/p>\n<p>FMDQ data showed the Naira dropped to N1533.99 per dollar on Thursday from N1459.02 on Wednesday.<\/p>\n<p>This represents an N73.98 loss against the dollar on Thursday compared to trading on N1459.02.<\/p>\n<p>Similarly, the Naira depreciated to N1555 per Dollar in the parallel market section from N1515 on Wednesday.<\/p>\n<p>To address the country\u2019s forex crisis, the Central Bank of Nigeria granted 14 new International Money Transfer Operators, IMTOs Approval-in-Principle (AIP), to double foreign-currency remittance inflows through formal channels.<\/p>\n<p>Recall that Bureau De Change operators had blamed the FX shortage for the Naira depreciation.<\/p>\n<p>Naira returns to depreciation against dollar, sheds N73 in single day<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Naira has returned to depreciation against the dollar in the foreign exchange market. FMDQ data showed the Naira dropped&hellip;<\/p>\n","protected":false},"author":1,"featured_media":32435,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4161,938,939,15],"tags":[519,948,943,180],"class_list":["post-32434","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-dollar","category-naira","category-news","tag-business","tag-dollar","tag-naira","tag-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Naira returns to depreciation against dollar, sheds N73 in single day - Niger Delta News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nigerdeltanews.ng\/naira-returns-to-depreciation-against-dollar-sheds-n73-in-single-day\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Naira returns to depreciation against dollar, sheds N73 in single day - Niger Delta News\" \/>\n<meta property=\"og:description\" content=\"The Naira has returned to depreciation against the dollar in the foreign exchange market. 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