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.
- News17 hours ago
Breaking: Lagos Assembly Speaker Loses Father
- Business and Brands19 hours ago
Fidelity Bank Distributes Food Packs to Families in Keffi
- Politics20 hours ago
Rivers’ Crisis: Call Wike To Order – Edwin Clark Urges PDP, APC Chairmen
- News16 hours ago
NASRE Partners Leadway Assurance, Presidency To Support Media Practitioners
- World19 hours ago
Netanyahu Responds To ‘outrageous Decision’ By ICC Prosecutor
- Top Stories20 hours ago
Port Harcourt Refinery Begins Operation July
- Entertainment19 hours ago
Adele says she wants a baby girl with boyfriend Rich Paul
- Top Stories13 hours ago
BREAKING: CBN increases interest rate by 150 basis points to 26.25%