After a series of continuous free falling of Naira, the Nigerian currency has begun to bounce back, appreciating massively against the US Dollar, HotNewsInNaija.com has gathered.
In a remarkable turn of events, the Naira, on Monday, experienced a significant appreciation against the US dollar in the official market, trading at N1,339.33 per dollar.
According to Daily Post, this marked a substantial gain of N143.48 from its previous trading value of N1,482.81 on Friday, May 24, 2024, reflecting a remarkable 9.67% increase.
However, despite this impressive surge, the total daily turnover in the official market witnessed a sharp decline, plummeting to $180.80 million from $556.25 million recorded on Friday.
This decline in turnover suggests a notable reduction in trading volume on the day of the appreciation.
Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira exhibited some level of volatility, trading between N1,501 and N1,310 per dollar.
Latest Posts:
- Equatorial Guinea Man, Baltasar’s Wife $extape Leaked | Watch
- Do You Know Spain Have A Unique UEFA Emblem On Their Kit? See Why
- If You Are Into Crypto Minning And You Are Minning Hamster Kombat, Then This Post Is For You
- BREAKING: Court Rules In Favour of Ado Bayero, Orders Kano Govt to Pay Him N10m for Rights Violation
- “Nigerians Don’t Like Omah Lay,” Timaya Says, States Reason
For More News, Kindly Join Our WhatsApp Group, Follow us on Instagram and Like our Facebook Page. You Can Also Follow Us On Twitter
