The exchange rate between the Naira and the Dollar at the official window saw a significant appreciation of 10.71% on Monday, closing the day at N1,339.33/$1.

This appreciation marks the highest closing rate since April 26, when the exchange rate was N1,339.23/$1, based on data from FMDQ.

On Friday, May 24, 2024, the exchange rate was N1,482.81/$1, with a minor increase of 0.19%. The FX turnover on this day was significantly higher at $556.25 million, which represented a dramatic increase of 231.99%.

In contrast, on May 27, 2024, the Naira appreciated notably by 10.71%, bringing the exchange rate down to N1,339.33/$1. However, the FX turnover decreased sharply by 67.50%, amounting to $180.8 million.

The substantial drop in FX turnover suggests a lower demand for dollars, which is a plausible factor contributing to the appreciation of the Naira.


When fewer dollars are being bought, the demand decreases, leading to a stronger Naira against the Dollar.

This is a developing story…

https://www.google.com/amp/s/nairametrics.com/2024/05/27/breaking-naira-appreciates-to-n1339-33-1-on-official-market-best-in-2-months/%3famp=1

800/$ before the end of July

Dollar is currently trading at N1,477

Delete this nonsense and keep quiet as ordered

Enough of the propaganda and sycophancy

Abeg all we want is


Fuel= 500
Dollar = 700
Diesel = 700
LPG = 700

Metering the whole nation and let pay 65 instead of 223 , everybody should be on band A. Let's have 20hrs of electricity daily .


Completion of lagos- calabar in 2yr 3months...


Building of a 40,000 capacity prison, Nigerians crimes are too much and we are gradually becoming lawless.

Same naira that is trading at #1473 around 6pm this evening? Cassava and agbado munching miscreants on propaganda drive.

Toh

helinues:
Toh

Do you need help?

Justiceganduje:
Do you need help?

You only have this week to stop the madness or the security operatives would take care of things.

If you are not interested in learning in easy way, we go make it hard for you

helinues:


You only have this week to stop the madness or the security operatives would take care of things.

If you are not interested in learning in easy way, we go make it hard for you

If you tell me my offense maybe I'll stop it. For now I don't know what I did wrong.

The only thing this corn niggas are always celebrating is naira fall, even after knowing what causes the naira to fall. These dumbos always coming up with surprises of their dumbery.

The appreciation of the Naira is a positive sign for the economy, as it indicates a decrease in demand for dollars and a strengthening of the local currency.

helinues:

You only have this week to stop the madness or the security operatives would take care of things.
If you are not interested in learning in easy way, we go make it hard for you

Please, keep quiet as Tinubu has ordered.

Goodnews!

helinues:


You only have this week to stop the madness or the security operatives would take care of things.

If you are not interested in learning in easy way, we go make it hard for you

Empty ass threats. If you don't sharrap eh...

Philipponzaghi:
The appreciation of the Naira is a positive sign for the economy, as it indicates a decrease in demand for dollars and a strengthening of the local currency.

Fake news. The dollar is still trading at 1,477.
The naira won't strengthen by prayers. It will when we actually start exporting. And sadly, we don't export jack.

PlasmaTV:

Fake news. The dollar is still trading at 1,477.
The naira won't strengthen by prayers. It will when we actually start exporting. And sadly, we don't export jack.

It is not fake news. It’s in FMDQ website, that’s the source of official dollar rate.


https://fmdqgroup.com/exchange/

https://www.nairaland.com/8101772/nigerias-inflation-introduction-subsidy-old

You're all very welcome