{"id":37146,"date":"2024-06-13T22:04:24","date_gmt":"2024-06-13T22:04:24","guid":{"rendered":"https:\/\/nigerdeltanews.ng\/naira-depreciates-against-dollar-as-fx-supply-drops\/"},"modified":"2024-06-13T22:04:24","modified_gmt":"2024-06-13T22:04:24","slug":"naira-depreciates-against-dollar-as-fx-supply-drops","status":"publish","type":"post","link":"https:\/\/nigerdeltanews.ng\/naira-depreciates-against-dollar-as-fx-supply-drops\/","title":{"rendered":"Naira depreciates against dollar as FX supply drops"},"content":{"rendered":"<div>\n<p>The naira depreciated against the dollar at the foreign exchange market to resume trading after the June 12 Democracy Day celebration as FX turnover transactions crashed to $92.68 million.<\/p>\n<p>FMDQ data showed that the naira depreciated marginally to N 1476.24 against the dollar on Thursday from N 1473.66 on Tuesday.<\/p>\n<p>This represents an N2.58 loss against the dollar compared to N1473.66 traded on Tuesday.<\/p>\n<p>Similarly, the parallel market depreciated to N1490 against the dollar on Thursday from N1470 traded on Tuesday.<\/p>\n<p>The development comes as the turnover of foreign exchange transactions crashed to $92.68 million on Thursday from $385.91 million.<\/p>\n<p>Recall that the naira appreciated for the second consecutive time against the dollar on Tuesday.<\/p>\n<p>Nigeria\u2019s foreign exchange market has been experiencing fluctuations since mid-April 2024, despite the Central Bank of Nigeria\u2019s policy intervention.<\/p>\n<p>Naira depreciates against dollar as FX supply drops<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The naira depreciated against the dollar at the foreign exchange market to resume trading after the June 12 Democracy Day&hellip;<\/p>\n","protected":false},"author":1,"featured_media":37147,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4161,938,939,15],"tags":[890,519,16238,948,17171,943,180,3879],"class_list":["post-37146","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-dollar","category-naira","category-news","tag-against","tag-business","tag-depreciates","tag-dollar","tag-drops","tag-naira","tag-news","tag-supply"],"_links":{"self":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/posts\/37146","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=37146"}],"version-history":[{"count":0,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/posts\/37146\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/media\/37147"}],"wp:attachment":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/media?parent=37146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/categories?post=37146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/tags?post=37146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}