Business
Naira Strengthens With N3 Against Dollar
The naira continued to appreciate against the dollar at the official foreign exchange market on Wednesday, marking the third consecutive gain this week.
This is according to the Central Bank of Nigeria’s exchange data released on Wednesday.
The apex bank’s foreign exchange data indicated that it strengthened to N1,526.15 against the dollar on Wednesday, from N1,529.57 traded on Tuesday.
Read Also: Osun APC Lawyer, Adegoke’s 7-page Letter ‘Misleading” And ‘Legally Distorted’ – Prof Ozekhome
This means that the naira gained N3.42 against the dollar on a day-to-day basis.
Meanwhile, on the black market, the naira remained flat at N1,570 on Wednesday—the same exchange rate recorded the previous day.
Blaze Newz gathered that the naira appreciated against the dollar on both Monday and Tuesday.
This comes as the International Monetary Fund, in its latest Article IV Consultation, lauded CBN’s foreign exchange and monetary policy reforms.
-
Uncategorized1 year agoLagere Flyover: Ooni Lauds Gov Adeleke, Urges To Do More On Stomach Infrastructure
-
Uncategorized1 year agoOsun Monarch Threatens Journalists As Fake Doctor Nabbed Over Pregnant Woman’s Death Freed, Resumes Duty At Hospital
-
Metro1 year agoHusband Of Osun Missing Police Cries Out To IGP For Help
-
Education1 year agoOsun Poly Commences Sales Of HND Admission Application Form For 2024/2025 Session
-
Entertainment1 year agoBuried Alive Challenge : Man Speaks From Underground After 23 hours
-
Uncategorized1 year agoNigerian Man Announces ‘Buried Alive For 24 Hours’ Challenge
-
Politics1 year agoGov Ododo Spent 100 Days Serving Bello As Special Driver – Okai
-
Uncategorized1 year agoBinance CEO Claims Nigerian Officials Demanded Crypto Payments To ‘Make Issues Go Away’