Business
  • FaceBook
  • Twitter
  • Pin It
  • Linkedin
  • Buffer
  • WhatsApp

Naira appreciates across all markets against dollar as FX supply rises

Nigerian currency increased in value to the US dollar across all foreign exchange market on Tuesday, IgbereTV reports

Data from FMDQ securities showed Naira at the Investors and Exporters (I&E) segment of the market strengthened against the US Dollar to N420.27/$1 on Tuesday.

This was a N1.06 or 0.25 per cent increase when compared to N421.33/$1 it was traded on Monday.

A total of $108.06 million compared to the preceding session’s $46.07 million, representing a jump by 134.6 per cent or $61.99 million was traded.

It was a similar scenario at the Peer-to-Peer (P2P) window of the foreign exchange market on Tuesday, June 21.

  • FaceBook
  • Twitter
  • Pin It
  • Linkedin
  • Buffer
  • WhatsApp

Comments are closed.

Sorry for the interruption

We are deeply concerned with our user experience. Which is why we use responsible ads.

Please work with us by disabling your ad blocker and let's create a sustainable web together.

I get it. I have disabled my ad blocker. Please let me in.