
The naira recorded N81.34 depreciation against the US dollar in a single day at the foreign exchange market.
FMDQ data showed that the naira tumbled to N1,154.08 per dollar on Thursday from N1,072.74 on Wednesday.
This represents a 7.04 per cent loss against the dollar compared to N1,072.74 per dollar traded the previous day.
Similarly, at the parallel market the naira depreciated N1,100 per dollar on Thursday from N1, 040 on Wednesday.
Accordingly, this is the second time the naira is depreciating against the dollar in three days amid fears of depleting foreign exchange reserves.
Meanwhile, the governor of the Central Bank of Nigeria, Olayemi Cardoso, in a statement on Wednesday said the country received $600 million inflow into its foreign reserves recently.
Earlier, Nigeria’s FX reserves dropped to $32.29 billion as of April 15.
However, Cardoso said as long as there is liquidity in the country’s FX market, Naira’s gain can be sustained.
Source:- Dailypostng
Now Playing: Love Bug
Aretti Adi
SPONSORED LINKS
LOAN FOR TRAVEL, VISA, JAPA, PoF UP TO N200M (CLICK HERE)
[CLICK HERE] For Music Artwork, Website Design And SEO Setup
INSTALL 9JAFLAVER MUSIC APP, STREAM, DOWNLOAD, AND PLAY MUSIC OFFLINE
CHECK OUT FUNNY PICTURE AND MEME HERE (CLICK HERE)
Chissom Anthony – Glory To God In The Highest [See Trending Gospel Song]
Copyright © 2014-2025 9jaflaver. All Rights Reserved.
About us | DMCA | Privacy Policy | Contact us
| Advertise| Request For Music | Terms Of Service
9jaflaver is not responsible for the content of external sites.