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The Naira recorded two consecutive appreciations against the Dollar in official and parallel foreign exchange markets.<\/p>\n

FMDQ data showed that it appreciated to N1468.99 per Dollar on Monday from<\/p>\n

N1497.33 traded on Friday.<\/p>\n

This represents an N28.84 gain compared to N1497.33 traded on Friday when the official market closed.<\/p>\n

Similarly, the parallel market section appreciated to N1460 per Dollar on Modnay from N1470 last Friday. This represents an N10 gain in the black market section.<\/p>\n

Since mid-April, this is the first time Nigeria\u2019s currency has strengthened two consecutive times against the Dollar.<\/p>\n

The development comes as dollar turnover surged to $161.41 million on Monday from $83 million on Friday.<\/p>\n

DAILY POST reports that the Central Bank of Nigeria\u2019s two-day Monetary Policy Committee meeting commenced on Monday. During the meeting, the apex bank is expected to unveil a decision to tackle the Country\u2019s inflation, which soared to 33.69 per cent in April.<\/p>\n

Naira records two consecutive appreciations against Dollar at forex market<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Naira recorded two consecutive appreciations against the Dollar in official and parallel foreign exchange markets. FMDQ data showed that…<\/p>\n","protected":false},"author":1,"featured_media":33090,"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-33089","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