Business and Brands
Naira Gains ₦75 Against Dollar In A Single Day
The naira has appreciated by N75.4 against the US dollar in a single day to bounce back in the foreign exchange market.
FMDQ data showed that the naira appreciated to N1,072.74 per dollar on Wednesday, compared to N1,148.14 recorded on Tuesday.
This represents a 6.56 per cent appreciation on a day-to-day basis.
Similarly, the parallel market appreciated to N1,040 per dollar in the parallel market on Wednesday from N1,100 per dollar on Tuesday.
The naira recorded an N60 gain against the dollar on the black market.
The development comes barely 24 hours after the naira recorded its first depreciation since March 2024.
- Top Stories15 hours ago
$87m Theft Case: AAS Investors Storm FCT High Court To Demand Justice As Jesam, Legal Team Clear The Air At Abayomi’s Hearing (Video)
- Business and Brands15 hours ago
Leadership Means Always Believing in Better – CEO, Sterling Bank
- Entertainment10 hours ago
Let love lead! Paulo Okoye TELLS Davido, Wizkid, others
- News17 hours ago
How to check your 2024 JAMB/UTME results: Step-by-Step Guide
- Top Stories17 hours ago
Ooni Of Ife’s Visit: Oba Of Benin Bars Suspended Six Palace Officials
- General Interest17 hours ago
BREAKING: MTN Nigeria reports N575.69 pre-tax loss in first quarter of 2024
- Politics17 hours ago
John Ayoh: How I Collected $600,000 Bribe For Emefiele