Naira Appreciates Against Dollar First Time In Days, Exchanges N1608/$1

Posted by Thandiubani on Thu 01st Aug, 2024 - tori.ng

This represents an N12.39 gain against the dollar at the foreign exchange market compared to the N1621.12 traded on Wednesday.

 
The Naira has appreciated against the dollar for the first time this week at the official foreign exchange market on July 23, 2024.
 
This is as it exchanged N1608.73 per dollar on Thursday from N1621.12 on Wednesday according to information released by FMDQ.
 
This represents an N12.39 gain against the dollar at the foreign exchange market compared to the N1621.12 traded on Wednesday.
 
It means the Naira ended July on a positive note at the forex market.
 
Meanwhile, in the black market, the Naira depreciated between N1610 and 1605 per dollar on Thursday from N1600 the previous day.
 
Recall that the last time Naira gained at the official FX market was on July 23, 2024, when it exchanged at N1500.
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