{"id":100859,"date":"2023-11-14T20:51:08","date_gmt":"2023-11-14T19:51:08","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/naira-fails-to-gain-despite-increase-in-dollar-supply"},"modified":"2023-11-14T23:15:07","modified_gmt":"2023-11-14T22:15:07","slug":"naira-fails-to-gain-despite-increase-in-dollar-supply","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-fails-to-gain-despite-increase-in-dollar-supply","title":{"rendered":"Naira fails to gain despite increase in Dollar supply"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>Nigeria\u2019s currency, the Naira, failed to firm up against the US Dollar despite a 46.49 per cent rise in foreign exchange, FX market turnover on Monday.<\/p>\n

According to data obtained from FMDQ, the country\u2019s daily FX market turnover increased to $123.25 million on Monday from $84.02 million recorded on Friday.<\/p>\n

However, instead of the Naira appreciating against the Dollar following the increased supply of FX, it depreciated slightly by 1.96 per cent at the official market to N795.41 on Monday as against N780.14 quoted on Friday.<\/p>\n

Meanwhile, the Naira at the parallel market exchanged for N1100 against the Dollar on Monday, the figure it quoted on Friday.<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. Nigeria\u2019s currency, the Naira, failed to firm up against the US Dollar despite a 46.49 per cent rise in foreign exchange, FX market turnover on Monday. According to data obtained from FMDQ, the country\u2019s daily FX market turnover increased to $123.25 million on Monday from $84.02 million recorded on Friday. However, instead […]<\/p>\n","protected":false},"author":84,"featured_media":100857,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1570,2140,1621,1623,254],"class_list":["post-100859","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-nigeria-2","tag-dollar","tag-naira","tag-nigeria"],"yoast_head":"\nNaira fails to gain despite increase in Dollar supply - Nigeria<\/title>\n<meta name=\"description\" content=\"Nigeria\u2019s currency, the Naira, failed to firm up against the US Dollar despite a 46.49 per cent rise in foreign exchange ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-fails-to-gain-despite-increase-in-dollar-supply\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Naira fails to gain despite increase in Dollar supply\" \/>\n<meta property=\"og:description\" content=\"Nigeria\u2019s currency, the Naira, failed to firm up against the US Dollar despite a 46.49 per cent rise in foreign exchange ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-fails-to-gain-despite-increase-in-dollar-supply\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-14T19:51:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-14T22:15:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/11\/sm_1699983636.054738.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-fails-to-gain-despite-increase-in-dollar-supply#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-fails-to-gain-despite-increase-in-dollar-supply\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Naira fails to gain despite increase in Dollar supply\",\"datePublished\":\"2023-11-14T19:51:08+00:00\",\"dateModified\":\"2023-11-14T22:15:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-fails-to-gain-despite-increase-in-dollar-supply\"},\"wordCount\":126,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-fails-to-gain-despite-increase-in-dollar-supply#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/11\/sm_1699983636.054738.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"Dollar\",\"naira\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-fails-to-gain-despite-increase-in-dollar-supply#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-fails-to-gain-despite-increase-in-dollar-supply\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-fails-to-gain-despite-increase-in-dollar-supply\",\"name\":\"Naira fails to gain despite increase in Dollar supply - 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