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Foreign exchange market: the Naira records its first gain in 2024 on Thursday

05/01/2024
Source : ORISHAS FINANCE
Categories: Economy/Forex

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On Thursday, January 04, 2024, Naira recorded its first gain of the year. This gain represents an appreciation of the currency of 13.51 percent compared to the previous day's figure

.

FMDQ data showed that the Naira appreciated and traded at N895.23 per U.S. dollar on Thursday, up from N1,035.12 per U.S. dollar on Wednesday. This development comes as Forex turnover at the close of trading was $68.49 million, a decrease of 20.06 percent compared to

the previous day.

In addition, on the parallel market, the Naira fell slightly to 1,230 N/$1, down 0.81 percent from the 1,220 N per dollar traded on Wednesday.

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