\n
The Naira on Wednesday appreciated against the dollar at the official foreign exchange on the first anniversary of President Bola Tinubu in office.<\/p>\n
FMDQ data showed that the Naira appreciated to N1329.65 on Wednesday from N1339.33 on Tuesday.<\/p>\n
This represents an N9.68 gain against the dollar compared to N1339.33 traded on Tuesday at the foreign exchange market.<\/p>\n
Similarly, at the parallel market section, the Naira appreciated to N1480 per dollar on Wednesday from N1500 recorded the previous day.<\/p>\n
Meanwhile, the figure is a fall-cry from the exchange rate in May 2023, which stood at N460.702 per dollar due to the Naira floating by the Tinubu-led administration in June 2023 and January 2024.<\/p>\n
The development comes as the Association of Bureaux De Change Operators in Nigeria urged the Central Bank of Nigeria to review minimum capital requirements for its members.<\/p>\n
Naira appreciates against dollar at forex market<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
The Naira on Wednesday appreciated against the dollar at the official foreign exchange on the first anniversary of President Bola…<\/p>\n","protected":false},"author":1,"featured_media":34632,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4161,938,5175,939,15],"tags":[519,948,5176,2691,943,180],"class_list":["post-34631","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-dollar","category-forex-market","category-naira","category-news","tag-business","tag-dollar","tag-forex","tag-market","tag-naira","tag-news"],"yoast_head":"\n
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