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Naira Strengthens, Exchanges for 815/$ at Official Market
The naira strengthened to N815/$ on the Nigerian Autonomous Overseas Trade Market( NAFEM) 24 hours after the alternate price fell to the bottom stage ever when it offered N993.8/$, representing an enormous 20.5% depreciation.
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Prior to now, the bottom stage was N848/$1 recorded on the seventeenth of October 2023 which represented a one-day 8.17% depreciation on the time.
Nonetheless, the market opened at N778 to a greenback, and closed at N815, strengthening by N178 from the day before today’s place.
The forex was little modified at 1,170 a greenback on the road, in keeping with discovering from our reporters in Abuja and Lagos.
