\n
The Naira has returned to depreciation against the dollar in the foreign exchange market.<\/p>\n
FMDQ data showed the Naira dropped to N1533.99 per dollar on Thursday from N1459.02 on Wednesday.<\/p>\n
This represents an N73.98 loss against the dollar on Thursday compared to trading on N1459.02.<\/p>\n
Similarly, the Naira depreciated to N1555 per Dollar in the parallel market section from N1515 on Wednesday.<\/p>\n
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
Recall that Bureau De Change operators had blamed the FX shortage for the Naira depreciation.<\/p>\n
Naira returns to depreciation against dollar, sheds N73 in single day<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
The Naira has returned to depreciation against the dollar in the foreign exchange market. FMDQ data showed the Naira dropped…<\/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":"\n
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