Tag
NAIRA
The Nigerian naira further appreciated against the dollar on Tuesday, 19th December 2023, closing at N844.85/$1 at the official market.
The intraday high recorded N1185.10/$1 as the Naira gained marginally against the dollar on Monday, 18th December 2023.
The naira at the black market dropped to its lowest level in nearly eight weeks despite the dollar languishing at four-month lows as currency traders were positioned for deeper-than-expected interest rate cuts by the Federal Reserve in 2024.
The intraday high recorded was N1186/$1 as the naira fell marginally against the U.S. dollar both at the official market and the parallel market on Tuesday 12th December 2023.
The Naira began the week on a strong note as it significantly appreciated against the US dollar on Monday at the country’s official foreign exchange market with the all-important U.S Fed meeting and much anticipated inflation data insight.
Naira regained ground to appreciate massively against the dollar on Monday, 11th December 2023 at the official market after it plunged to a historical low on Friday, December 8th, 2023.
The naira's wild dance against the dollar in the official as heightened concerns among residents in Africa's largest economy.
Naira regained ground to appreciate massively against the dollar on Thursday, 7th December 2023 at the official market after it plunged to a new low the previous day.
The naira lost nearly a fifth of its value as it traded at N951.2/$ on the official Investor and Exporter forex window on Wednesday.
The intraday high recorded N1159.10/$1 as the naira hit a fresh record low on Wednesday, closing at N951.22 per dollar in the official market.
Forex turnover grew by 92.93% to $142.63 million as the Nigerian naira further appreciated against the dollar on Tuesday, 5th December 2023, closing at N806.73/$1 at the official market.
The Nigerian naira appreciated against the dollar on Monday, 4th December 2023, closing at N837.77/$1 at the official market.