The naira experienced a further appreciation at the official market, trading at N1,382.95 to a dollar on Tuesday, March 26, 2024.
Data from the official trading platform of the FMDQ revealed that the naira strengthened by N25.09 or 1.78 per cent, compared to the previous day’s rate of N1,408 against the dollar.
However, the total turnover increased to $245.58 million on Tuesday, up from $222.15 million recorded on Monday.
CBN raises interest rate to 24.75%
Meanwhile, at the Investors and Exporters (I&E) window, the naira traded between N1,486 and N1,300 against the dollar.
The Central Bank of Nigeria (CBN) had, on Tuesday, raised the Monetary Policy Rate (MPR) by 200 basis points from 22.75 per cent to 24.75 per cent.
CBN Governor, Yemi Cardoso, said this was meant to tackle the nation’s rising inflation.
President Bola Tinubu has arrived in Paris, France, for the second leg of his three-week…
The Presidency says the call by former Vice President and African Democratic Congress (ADC) presidential…
The Singapore High Court has dismissed a lawsuit by the chief executive of Indian logistics…
Five Islamic clerics have reportedly been abducted by suspected terrorists shortly after attending a special…
The National Drug Law Enforcement Agency has intercepted two consignments of synthetic cannabis, popularly known…
The National Drug Law Enforcement Agency says its operatives have recovered more than 2.3 tonnes…
This website uses cookies.