• Thu. Feb 29th, 2024

Citizen NewsNG

....news at your finger tip

Naira Appreciates Against Dollar At FOREX Market | Citizen NewsNG

ByCitizen NewsNG

Dec 26, 2023

 

 

The Naira appreciated against the US dollar at the parallel market on Tuesday.

A Bureau De Change Operator in Wuse Zone 4, Dayyabu Mistila, disclosed to DAILY POST that the naira traded at N1,205 per $1 on Tuesday.

‘We sold at N1,205 per $1 as of Tuesday, compared to N1,233 on Monday (Christmas Day). However, we buy at N1,195 per $1 on Tuesday,” he said.

The quoted figure showed that the country’s currency, the Naira, strengthened compared to the N1,233 to $1 it traded on Monday.

Meanwhile, on Tuesday, Naira traded around N1,181 to $1 on Binance, a P2P market and crypto platform.

The development comes as trading closed for the Christmas holiday on Friday at N885.88 per $1 at the official FMDQ market.

Since June 14, 2023, when the apex bank introduced FX reforms, the naira has been fluctuating in the forex markets.

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, recently assured Nigerians that the naira is expected to strengthen in the FX market in 2024.

 

By Ogaga Ariemu

For Advert, Event Coverage, Story/Article Publication, Change Of Name & Placement In Newspapers, PR & Other Media Services
Contact Us On: WhatsApp
Send Email To: citizennewsng@gmail.com
Visit Citizen NewsNG To Read More Latest And Interesting News

SHARE ON

Leave a Reply

Your email address will not be published. Required fields are marked *

Solverwp- WordPress Theme and Plugin