Always Visit www.NaijaCover.Com
Posted By Admin On November 29th, 2024
The naira recorded significant appreciation against the dollar at the parallel market on Thursday.
Abubakar Alhassan, a bureau de change operator, told DAILY POST that the dollar-to-Naira exchange rate closed at N1,735 on Friday from N1,750 on Thursday.
Place Your Advert On NaijaCover – Click HERE
Meanwhile, at the official market, FMDQ data showed that the naira weakened to N1672.69 against the dollar on Friday from N1644.86 traded on Wednesday.
This represents a N27.83 loss against the dollar.
This comes as the FX transaction turnover dropped to $254.10 million on Friday from $560.34 million the previous day.
In the week under review, the naira recorded a mixed fortune of two gains and three losses against the dollar at the FX market.
On a week-on-week basis, the naira depreciated by N20 when compared to the exchange rate of last Friday at N1,652.62 per dollar at the official market.
Source: https://dailypost.ng/2024/11/29/naira-appreciates-against-dollar-at-black-market-2/
Share this:
See How NaijaCover.Com Make Money From Blogging Business, CLICK HERE
Discover more from NaijaCover.Com
Subscribe to get the latest posts sent to your email.
