Categories: BusinessNews

Naira appreciates to N1,535/$ in official market

The naira appreciated to N1,535.4 against the United States dollar in the Nigerian Foreign Exchange Market (NFEM) on Wednesday, August 13, 2024.

However, the naira depreciated to N1,560 per dollar in the parallel market from N1,555 per dollar recorded on Tuesday.

Kano assembly suspends Rano LG chairman

Data published by the Central Bank of Nigeria (CBN) showed that the exchange rate for the currency rose to N1,535.4 per dollar from N1,536.8 per dollar on Tuesday, indicating N1.4 appreciation for the local currency.

The margin between the parallel market and NFEM rate widened to N24.6 per dollar from N18.2 per dollar recorded on Tuesday.

The Star

Segun Ojo

Recent Posts

Kano among first beneficiaries of TETFund zonal laboratories

The Tertiary Education Trust Fund has announced that four of the six proposed multi-purpose zonal…

4 minutes ago

FEC approves transport data bank, power projects for Onne, Apapa ports

The Federal Executive Council has approved three major Public-Private Partnership projects aimed at boosting infrastructure…

12 minutes ago

IPOB declares May 30 sit-at-home for Biafra remembrance

The Indigenous People of Biafra has declared May 30, 2026, as a sit-at-home day across…

30 minutes ago

Jonathan eyes 2027 presidency on PDP platform

Former President Goodluck Jonathan has reportedly decided to pursue a return to the presidency on…

34 minutes ago

FUTA confirms death of 100-level student in Akure

The Federal University of Technology Akure has confirmed the death of one of its students,…

42 minutes ago

Arsenal survive VAR drama to close in on Premier League title

Arsenal moved closer to the Premier League title in controversial fashion as a hugely contentious…

50 minutes ago

This website uses cookies.