Naira appreciates massively against dollar

Dollar supply drops by 18.26% to $201m as Naira depreciates

Naira appreciates massively against dollar …C0NTINUE READING HERE >>>

The naira appreciated massively against the dollar at the official foreign exchange market on Wednesday.

FMDQ data showed that the naira gained N1543.84 per dollar on Wednesday from N1,592.06.

This represents a significant N48.22 appreciation.

A further analysis showed that this is the first naira gain this week at the official market.

This comes after the naira lost N27.58 against the dollar on Monday and Tuesday.

Meanwhile, on the parallel market, the naira remained flat at N1615 per…

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