Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,201,872 members, 7,980,040 topics. Date: Sunday, 20 October 2024 at 12:56 AM |
Nairaland Forum / Nairaland / General / Business / Breaking: Naira Appreciates To N1,339.33/$1 On Official Market, Best In 2 Months (1178 Views)
Naira Strengthens To 1,339.33/$ At Official Market / Naira Appreciates To ₦1,280/$ At Parallel Market / Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window (2) (3) (4)
Breaking: Naira Appreciates To N1,339.33/$1 On Official Market, Best In 2 Months by Paraman: 8:05pm On May 27 |
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 |
Re: Breaking: Naira Appreciates To N1,339.33/$1 On Official Market, Best In 2 Months by Paraman: 8:22pm On May 27 |
800/$ before the end of July |
Re: Breaking: Naira Appreciates To N1,339.33/$1 On Official Market, Best In 2 Months by givedemwotowoto: 8:25pm On May 27 |
Dollar is currently trading at N1,477 Delete this nonsense and keep quiet as ordered Enough of the propaganda and sycophancy 4 Likes
|
Re: Breaking: Naira Appreciates To N1,339.33/$1 On Official Market, Best In 2 Months by lazkizz(m): 9:15pm On May 27 |
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. |
Re: Breaking: Naira Appreciates To N1,339.33/$1 On Official Market, Best In 2 Months by Racoon(m): 9:22pm On May 27 |
Same naira that is trading at #1473 around 6pm this evening? Cassava and agbado munching miscreants on propaganda drive. 4 Likes |
Re: Breaking: Naira Appreciates To N1,339.33/$1 On Official Market, Best In 2 Months by helinues: 9:25pm On May 27 |
Toh |
Re: Breaking: Naira Appreciates To N1,339.33/$1 On Official Market, Best In 2 Months by Justiceganduje: 9:31pm On May 27 |
helinues:Do you need help? 1 Like |
Re: Breaking: Naira Appreciates To N1,339.33/$1 On Official Market, Best In 2 Months by helinues: 9:36pm On May 27 |
Justiceganduje: 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 2 Likes
|
Re: Breaking: Naira Appreciates To N1,339.33/$1 On Official Market, Best In 2 Months by Justiceganduje: 9:45pm On May 27 |
helinues:If you tell me my offense maybe I'll stop it. For now I don't know what I did wrong. 2 Likes |
Re: Breaking: Naira Appreciates To N1,339.33/$1 On Official Market, Best In 2 Months by OKOATA(m): 9:48pm On May 27 |
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. |
Re: Breaking: Naira Appreciates To N1,339.33/$1 On Official Market, Best In 2 Months by Philipponzaghi: 10:40pm On May 27 |
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. |
Re: Breaking: Naira Appreciates To N1,339.33/$1 On Official Market, Best In 2 Months by Validated: 10:48pm On May 27 |
helinues: Please, keep quiet as Tinubu has ordered. 4 Likes
|
Re: Breaking: Naira Appreciates To N1,339.33/$1 On Official Market, Best In 2 Months by commoditiesnig: 11:00pm On May 27 |
Goodnews! |
Re: Breaking: Naira Appreciates To N1,339.33/$1 On Official Market, Best In 2 Months by PlasmaTV: 11:50pm On May 27 |
helinues:Empty ass threats. If you don't sharrap eh... |
Re: Breaking: Naira Appreciates To N1,339.33/$1 On Official Market, Best In 2 Months by PlasmaTV: 11:51pm On May 27 |
Philipponzaghi: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. |
Re: Breaking: Naira Appreciates To N1,339.33/$1 On Official Market, Best In 2 Months by Philipponzaghi: 12:35am On May 28 |
PlasmaTV: It is not fake news. It’s in FMDQ website, that’s the source of official dollar rate. https://fmdqgroup.com/exchange/
|
Re: Breaking: Naira Appreciates To N1,339.33/$1 On Official Market, Best In 2 Months by IAmHim1: 2:20am On May 28 |
(1) (Reply)
E-commerce Business For Sale! / Where Can I Get A Credit Card Here In Nigeria Stress Free? / Mtn Allocated My Number To Answer Person
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 19 |