Business
Naira appreciates at both parallel, official market
The Nigerian naira appreciated further at both the official and parallel market on Wednesday, March 20, 2024 to close at ₦1492.61/$1, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) has shown.
This represents an appreciation of N67.96 when compared to the N1,560.57/$1 it closed on Tuesday, March 19, 2024.
The intraday high was N1,620/$1, while the intraday low was N1,350/$1, representing a wide spread of N270/$1.
Similarly, the naira appreciated against the dollar at the parallel window to trade at N1,520/$1, this represents an appreciation of N70.00 as against the N1,580 /$1 it traded the previous day.
READ ALSO: Naira appreciates at parallel market as speculators sell at N1400/$1
The naira also appreciated slightly against the British Pound to trade at N2,020/£1 as against the previous trading day’s price of N2,040/£1 representing a gain of N20 for the local currency.
The Canadian dollar, however, closed flat against the naira to trade at N1,270| CA$1 same as the N1,270| CA$1 it traded the previous day representing a decline of N20 in the local currency.
The naira gained N15 against the Euro to trade at ₦1,700/€1 as against the previous closing price of ₦1,715/€1.
-
Latest6 days agoUS Immigration fees rise from October 16 as USCIS announces new charges
-
Latest24 hours agoIsrael marks 3 years since October 7 Hamas attack amid Gaza strikes, election debate
-
Business6 days agoNigeria’s $55bn reserves raise fresh questions over naira value
-
Health5 days agoFlorida sues Pfizer over deceptive COVID-19 vaccine marketing
-
Business7 days agoTuoyo Erikowa wins digital marketing personality of the Year at 2026 EDGE awards
-
Crime5 days agoFrom camp to captivity: How kidnappers now target NYSC Corps members on highways
-
Featured6 days ago2027: Can Nigeria’s opposition still unite behind a single presidential candidate?
-
Crime5 days agoFulani Militia leader linked to Christian killings arrested in Plateau