1 day ago
1
The Naira strengthened importantly against the dollar astatine the overseas speech marketplace connected Monday to resume connected a bully note.
FMDQ information showed that the Naira appreciated to N1552.92 per dollar connected Monday from N1641.27 speech past Friday.
This represents a important N88.35 appreciation against the dollar connected Monday compared to the N1641.27 speech complaint 3 days ago.
The past clip it gained importantly was connected Sept 26 past month, erstwhile it edged the dollar by N91.32.
Meanwhile, astatine the achromatic market, the Naira maintained an N1700 per dollar complaint the aforesaid arsenic past Friday.
For months now, the Naira has continued to acquisition fluctuations successful the FX marketplace contempt interventions by the Central Bank of Nigeria.
In October 2024, CBN introduced the Electronic Foreign Exchange Matching System, EFEMS, for overseas speech transactions successful the Nigerian Foreign Exchange Market, NFEM.
)
English (US) ·