Home Business Naira Appreciates Against Dollar At Black Market, Gains N10
Business

Naira Appreciates Against Dollar At Black Market, Gains N10

Share
Share
  • The Naira appreciated against the dollar at the parallel exchange market on Monday, gaining N10 against the dollar.

  • According to a Bureau de Change operator, Abubakar Alhasan, the Naira strengthened to N1650 per dollar on Monday from N1660 recorded on Friday last week.

  • However, at the official market, the Naira dropped slightly to N1533.63 per dollar, losing N2.43 against the dollar.

The Naira strengthened against the dollar at the parallel exchange market on Monday, gaining N10 against the dollar.

According to Abubakar Alhasan, a Bureau de Change operator in Wuse Zone 4, Abuja, the Naira appreciated to N1650 per dollar on Monday from N1660 recorded on Friday last week.

Alhasan told newsmen, “The Naira strengthened to N1650 per dollar on Monday from N1660 recorded on Friday last week.”

ATTENTION: Click HERE to join our WhatsApp group and receive News updates directly on your WhatsApp!

This significant gain of N10 against the dollar is a welcome development for the Nigerian economy.

READ ALSO: Trump’s Policy Will Impact Petrol Prices, Naira –CPPE

However, at the official market, the Naira dropped slightly to N1533.63 per dollar, losing N2.43 against the dollar.

According to FMDQ data, the Naira gained to N1,533.63 against the dollar on Monday from N1,531.20 last Friday.

The Central Bank of Nigeria has been making efforts to stabilize the Naira, and this development is seen as a positive step.

However, the Naira has continued to experience mixed sentiments in recent months.

Naira Appreciates Against Dollar in Official Market

The naira appreciated significantly in the official foreign exchange market, strengthening to N1,531.20 against the dollar on Friday, from N1,548.59 on Thursday.

This reflects a positive trend for the currency in the official market

Continue Reading Here

Share

Leave a comment

Leave a Reply

Your email address will not be published.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

Related Articles
Business

Mauritania’s Sidi Ould Tah Elected AfDB President, Pledges to Boost Africa’s Growth

Sidi Ould Tah from Mauritania has been elected as the ninth president...

Business

NLO Slaps Two-Year Ban, Heavy Fines on Four Clubs for Match-Fixing

NLO player ban: Upholding Integrity on the Pitch. How the Suspensions Reshape...

Tinubu signs approval
Business

Tinubu Seeks NASS Approval for $21.5bn External Loan and $2bn Forex Bond Amid Debt Concerns

President Bola Ahmed Tinubu has formally requested the National Assembly’s approval for...

Business

N600bn Debt, Poor Infrastructure Stranding 2,000MW Power Supply –NDPHC

The Niger Delta Power Holding Company (NDPHC) says 2,000MW of power generation...

5win
RocketplayRocketplay casinoCasibom GirişJojobet GirişCasibom Giriş GüncelCasibom Giriş AdresiCandySpinzDafabet AppJeetwinRedbet SverigeViggoslotsCrazyBuzzer casinoCasibomJettbetKmsauto DownloadKmspico ActivatorSweet BonanzaCrazy TimeCrazy Time AppPlinko AppSugar rush