{"id":101004,"date":"2023-11-16T21:50:30","date_gmt":"2023-11-16T20:50:30","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/naira-gains-against-us-dollar-amid-rising-inflation"},"modified":"2023-11-17T00:19:59","modified_gmt":"2023-11-16T23:19:59","slug":"naira-gains-against-us-dollar-amid-rising-inflation","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-gains-against-us-dollar-amid-rising-inflation","title":{"rendered":"Naira gains against US Dollar amid rising inflation"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The Nigerian currency, the naira, gained against the US Dollar on Wednesday despite the country\u2019s soaring inflation rate.<\/p>\n

According to data from FMDQ, the naira firmed against the Dollar to N818\/$1 on Wednesday compared to N850.22\/$1 exchanged on Tuesday.<\/p>\n

The figure represents a N31.23 gain compared to the exchange rate on the previous day.<\/p>\n

Meanwhile, at a parallel market, the country\u2019s currency maintained relative stability as it traded at N1120 against the Dollar on Wednesday, the same rate quoted the previous day.<\/p>\n

However, the rate is up marginally to N1140 against the US dollar at the parallel market.<\/p>\n

The development comes as the National Bureau of Statistics\u2019 latest Consumer Price Index data puts the October inflation rate at 27.33 per cent from 26.72 per cent in September.<\/p>\n

The latest inflation rate in Nigeria represents the highest in two decades.<\/p>\n

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

Africa-Press – Nigeria. The Nigerian currency, the naira, gained against the US Dollar on Wednesday despite the country\u2019s soaring inflation rate. According to data from FMDQ, the naira firmed against the Dollar to N818\/$1 on Wednesday compared to N850.22\/$1 exchanged on Tuesday. The figure represents a N31.23 gain compared to the exchange rate on the […]<\/p>\n","protected":false},"author":84,"featured_media":101003,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1570,2140,1621,365,1623,254],"class_list":["post-101004","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-inflation","tag-naira","tag-nigeria"],"yoast_head":"\nNaira gains against US Dollar amid rising inflation - Nigeria<\/title>\n<meta name=\"description\" content=\"The Nigerian currency, the naira, gained against the US Dollar on Wednesday despite the country\u2019s soaring inflation rate ...\" \/>\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-gains-against-us-dollar-amid-rising-inflation\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Naira gains against US Dollar amid rising inflation\" \/>\n<meta property=\"og:description\" content=\"The Nigerian currency, the naira, gained against the US Dollar on Wednesday despite the country\u2019s soaring inflation rate ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-gains-against-us-dollar-amid-rising-inflation\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-16T20:50:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-16T23:19:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/11\/sm_1700160457.72792.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\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-gains-against-us-dollar-amid-rising-inflation#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-gains-against-us-dollar-amid-rising-inflation\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Naira gains against US Dollar amid rising inflation\",\"datePublished\":\"2023-11-16T20:50:30+00:00\",\"dateModified\":\"2023-11-16T23:19:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-gains-against-us-dollar-amid-rising-inflation\"},\"wordCount\":159,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-gains-against-us-dollar-amid-rising-inflation#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/11\/sm_1700160457.72792.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"Dollar\",\"inflation\",\"naira\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-gains-against-us-dollar-amid-rising-inflation#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-gains-against-us-dollar-amid-rising-inflation\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-gains-against-us-dollar-amid-rising-inflation\",\"name\":\"Naira gains against US Dollar amid rising inflation - 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