{"id":35987,"date":"2024-06-06T19:04:17","date_gmt":"2024-06-06T19:04:17","guid":{"rendered":"https:\/\/nigerdeltanews.ng\/naira-appreciates-to-n1488-60-against-dollar\/"},"modified":"2024-06-06T19:04:17","modified_gmt":"2024-06-06T19:04:17","slug":"naira-appreciates-to-n1488-60-against-dollar","status":"publish","type":"post","link":"https:\/\/nigerdeltanews.ng\/naira-appreciates-to-n1488-60-against-dollar\/","title":{"rendered":"Naira appreciates to N1,488.60 against dollar"},"content":{"rendered":"<div>\n<p>The naira appreciated against the dollar in the foreign exchange market.<\/p>\n<p>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<p>This represents a slight N7.11 appreciation.<\/p>\n<p>Similarly, in the parallel market section, the currency appreciated to N1,485 against the dollar on Thursday from N1,500 on Wednesday.<\/p>\n<p>The development comes after the naira depreciated for the second consecutive time.<\/p>\n<p>Nigeria\u2019s forex market has continued to experience fluctuations since mid-April 2024, despite the Central Bank of Nigeria\u2019s intervention.<\/p>\n<p>FMDQ securities exchange data showed that the apex bank sold $575 million to banks as an intervention in May 2024.<\/p>\n<p>Naira appreciates to N1,488.60 against dollar<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The naira appreciated against the dollar in the foreign exchange market. According to FMDQ data, the naira was exchanged at&hellip;<\/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"],"_links":{"self":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/posts\/35987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/comments?post=35987"}],"version-history":[{"count":0,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/posts\/35987\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/media\/35988"}],"wp:attachment":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/media?parent=35987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/categories?post=35987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/tags?post=35987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}