Home » Naira Surges by 7.2% Against Dollar

Naira Surges by 7.2% Against Dollar

by Beyondboders

The Naira had a significant jump in value on Friday, reaching N1,142.38 against the dollar in the official market.

According to data from the FMDQ Exchange which oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), the Naira gained N88.23.

This marks a 7.16% increase compared to the last trading day on Monday, April 8, when it was trading at N1,230.61 before the Sallah holiday.

The total daily turnover also saw a boost, hitting $281.34 million on Friday, a considerable rise from the $125.55 million recorded on Monday.

Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,265 and N1,100 against the dollar.

FOOD GRADE ACTIVATED CHARCOAL

Ultrafine, exceptionally adaptive charcoal.

Supports detoxification/ removal of toxins

Supports occasional intestinal gas

Non toxic teeth whitening alternative

Treats gout and inflammation

Cures mouth odour

Treats grievous wounds and sores.

Treats diarrhoea

When applied on the armpits, detoxifies against breast lump.

When applied on the pad, treats vagina itching and infection

A paste mixed with honey gives a glowing soft face

Helps prevent hangover

Helps prevent cellular damage to the kidneys

CLICK HERE TO ORDER

Economic experts are praising the fiscal and monetary policies of President Bola Tinubu’s administration for this steady increase in the Naira’s value.

In February and March, the Central Bank of Nigeria (CBN) implemented a total of 600 basis points in interest rate increases during its policy meetings.

This move has helped address dollar scarcity, decreased market volatility, and lessened reliance on parallel markets.

(NAN)

Never Miss a Single News Or Gist!

Kindly Follow Us On Our Social Media Platforms, Share, Like And Repost.

WhatsApp

Twitter

Telegram

Instagram

YouTube

Facebook

Related Posts

Leave a Comment

x

Notice: ob_end_flush(): Failed to send buffer of zlib output compression (0) in /home/beyodhly/public_html/wp-includes/functions.php on line 5427