\n
The naira appreciated against the dollar in the foreign exchange market.<\/p>\n
According to FMDQ data, the naira was exchanged at N1,481.49 for a dollar on Thursday, compared to N1,488.60 on Wednesday.<\/p>\n
This represents a slight N7.11 appreciation.<\/p>\n
Similarly, in the parallel market section, the currency appreciated to N1,485 against the dollar on Thursday from N1,500 on Wednesday.<\/p>\n
The development comes after the naira depreciated for the second consecutive time.<\/p>\n
Nigeria\u2019s forex market has continued to experience fluctuations since mid-April 2024, despite the Central Bank of Nigeria\u2019s intervention.<\/p>\n
FMDQ securities exchange data showed that the apex bank sold $575 million to banks as an intervention in May 2024.<\/p>\n
Naira appreciates to N1,488.60 against dollar<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
The naira appreciated against the dollar in the foreign exchange market. According to FMDQ data, the naira was exchanged at…<\/p>\n","protected":false},"author":1,"featured_media":35988,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4161,938,939,15],"tags":[890,3061,519,948,17020,943,180],"class_list":["post-35987","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-dollar","category-naira","category-news","tag-against","tag-appreciates","tag-business","tag-dollar","tag-n1488-60","tag-naira","tag-news"],"yoast_head":"\n
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