The Naira on Monday, April 22, 2024 slightly depreciated at the official market, trading at N1,234.49 to the dollar.
Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the Naira lost N64.50.
This represents a 5.51 per cent loss when compared to the previous trading date on Friday, April 19, when it exchanged at N1,169.99 to a dollar.
However, the total daily turnover increased to $110.17 million on Monday, up from 86.68 million dollars recorded on Friday.
Naira gains, exchanges at N1,136 against dollar
Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,295.00 and N1,051.00 against the dollar.
CBN Governor, Yemi Cardoso, on Saturday, April 20, 2024 said the apex bank was doing everything possible to achieve a stable exchange rate.
He said the apex bank was also working to ensure that the exchange rate found its adequate price discovery level.
Cardoso said that CBN’s foreign exchange reforms were paying off and had made the naira the best-performing currency globally.
He spoke at a press conference during the annual meeting of International Monetary Fund (IMF) and World Bank Group.
He predicted ups and downs, but assured the global economic community that the Naira would steadily gain against foreign currencies.
Streams of Joy International, the church founded by Pastor Jerry Eze, has refunded N1,640,200 mistakenly…
Former governor of the old Gongola State, Bamanga Mohammed Tukur, has died. The family announced…
The Emir of Zazzau, Ahmed Nuhu Bamalli, has attributed his modest approach to wealth to…
The Nigerian High Commission in the United Kingdom has announced plans to refund £50 to…
The sexual offence case involving Nigerian dancer and entertainer Iweh Odinaka, popularly known as Poco…
Fifty-four beneficiaries of the Presidential Amnesty Programme’s offshore postgraduate scholarship scheme have departed Nigeria for…
This website uses cookies.