Naira-dollar
Naira appreciates to N1,640 from N1,730
The naira recorded a huge gain against the US dollar at the parallel market, hitting N1640/$1, at the close of business on Wednesday, December 4, 2024.
This represents a 5.2% or N90 gain against the dollar when compared to the N1730 that was recorded the previous trading day.
READ ALSO:
The massive appreciation recorded against the dollar is coming with the kick-off of trading activities at EFEMS PLATFORM which the BDCs operators believe will bring about transparency in the forex market and enhance regulatory oversight.
According to information made available to Nairametrics, the exchange rate for dollar inflow is N1640/$1, while the rate for cash transactions closed at N1664/$1 at the end of the day’s trading activities.
Rail transformation on Abuja–Kaduna route excites NIPR delegates Members of the Nigerian Institute of…
Kimberly Daniels Accuses Nigeria’s Matawalle of Alleged Bribery Attempt A United States lawmaker, Kimberly Daniels,…
Kano Governor Nominates Murtala Sule Garo as New Deputy Governor Governor Abba Kabir Yusuf of…
Troops Arrest Five Suspects in Ebonyi Over Killing of Police Officer Troops of the Nigerian…
Trump Accuses Iran of Ceasefire Breaches as US–Iran Peace Talks Collapse US President Donald Trump…
Nigeria Records New COVID-19 Case in Cross River The Government of Cross River State has…