The naira continued its appreciation against the US dollar despite a drop in foreign exchange turnover transactions at the FX market....CONTINUE.THE.FULL.READING OF THE ARTICLE>>>
Data from FMDQ showed that the naira appreciated further to N1,255.07 per dollar at the foreign exchange market on Thursday, representing a N7.78 gain against the dollar compared to N1, 262.85 recorded the previous day.
The naira’s appreciation comes despite the drop in the turnover of foreign exchange transactions to $133.99 million on Thursday from $166 million the previous day.
Since the first week of March 2024, the country’s currency has maintained a consistent gain against the dollar and other foreign currencies, following the reforms of the Central Bank of Nigeria.
