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Naira gains against US dollar at foreign exchange market

today02/21/2024 2

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For the first since last week, the naira appreciated marginally against the US dollar on Tuesday at the foreign exchange market.
Data from FMDQ showed that the naira appreciated 1,551.24 per US dollar on Tuesday from N1,574.62 traded on Monday.
This represents N23.38 or 1.5 per cent gain compared to the N1,574.62 recorded at the close of trading on Monday.
Recall that the last time the naira appreciated was last Thursday when it traded for N1,498.25 per US dollar.
Meanwhile, at the parallel market, the naira dropped to N1,740 on Tuesday from N1,660 per US dollar on Monday.

 

Written by: bossgmsi

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