The naira appreciated against the dollar by 5.97 per cent at the official market on Wednesday, March 27, 2024.
The currency appreciated by N82.52 to reach N1,300 per dollar, compared to N1,383 recorded on Tuesday, March 26.
Total turnover also rose to $416.10 million from $245.58 million the previous day, according to data from the FMDQ trading platform.
Naira gains, exchanges at N1,382 against dollar
In the Investors and Exporters (I&E) window, the naira fluctuated between N1,460 and N1,200 against the dollar.
This comes after the Central Bank of Nigeria (CBN) announced a 200 basis points increase in the Monetary Policy Rate (MPR).
The CBN made the announcement at its 294th Monetary Policy Committee (MPC) meeting on Tuesday, raising the MPR from 22.75 per cent to 24.75 per cent.
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