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NAIRA
Naira further gained against the dollar on Friday, 5th December 2024 at the official market, marking the second gain in the New Year.
The Nigerian Naira gained against the dollar on Thursday, 4th January 2024 at the official market to record the first gain in the new year 2024.
The Nigerian Naira experienced a significant decline on Wednesday, January 3rd, 2024, closing at N1,035.12 per dollar in the official market.
The naira resumed the year on a negative note while the dollar index, which measures the U.S. currency against six counterparts closed the first trading session of the year positively.
The Nigerian naira started the New Year sourly, tumbling 8.97% against the dollar on Tuesday, January 2, 2024.
The Nigerian Naira reached a new low on Thursday, December 28th, 2023, closing at N1,043.09 per dollar in the official market.
Forex turnover grew by 38.81% to $127.93 million as the Naira gained against the dollar on Wednesday, 27th December 2023 at the official market, the first trading day after the Christmas holiday.
The naira traded relatively close to its lows in the P2P and physical black market, while the dollar varied around five-month lows as growing bets on the Federal Reserve cutting interest rates in 2024 were sparked by weak U.S. inflation statistics.
The Nigerian naira weakened against the dollar on Friday, December 22nd, 2023, falling 2.71% to close at N885.88/$1.
The intraday high recorded was N1249/$1 as the naira further fell marginally on Thursday, 21st December 2023, closing at N861.91/$1 at the official market.
Forex turnover declined by 21.45% to $181.30 M as naira depreciated against the dollar on Weds, closing at N854.61/$1 at the official market.
The naira remained near its lows on the black market, as dwindling reserves and dollar inflows have made...