{"id":120163,"date":"2024-05-30T22:00:40","date_gmt":"2024-05-30T21:00:40","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/naira-crashes-massively-against-dollar-24-hours-after-tinubus-anniversary"},"modified":"2024-05-31T00:52:12","modified_gmt":"2024-05-30T23:52:12","slug":"naira-crashes-massively-against-dollar-24-hours-after-tinubus-anniversary","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-crashes-massively-against-dollar-24-hours-after-tinubus-anniversary","title":{"rendered":"Naira crashes massively against dollar 24 hours after Tinubu\u2019s anniversary"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The Naira recorded its first massive depreciation against the dollar at the foreign exchange market 24 hours after President Bola Ahmed Tinubu\u2019s first anniversary.<\/p>\n

FMDQ data showed that the Naira depreciated to N1484.75 against the Dollar on Thursday from N1329.65 on Wednesday.<\/p>\n

This represents an N155.1 loss against the dollar compared to N1329.65 traded on Wednesday.<\/p>\n

Similarly, at the parallel market section the depreciated to N1490 per dollar on Thursday from N1480 the previous day.<\/p>\n

The development comes as the turnover of foreign exchange transactions dropped to $235.41 million on Thursday from $328 million on Tuesday.<\/p>\n

Accordingly, the last time the Nadepreciatedated at both official and parallel foreign exchange markets was on May 23, 2024, when the Central Bank of Nigeria announced fresh guidelines to Bureau De Change operators.<\/p>\n

Since mid-April, the Naira has continued to fluctuate against the dollar at the forex market despite CBN interventions.<\/p>\n

Olayemi Cardoso, the governor of CBN at the last 295th Monetary Policy Committee blamed the volatility on seasonal fluctuations.<\/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 Naira recorded its first massive depreciation against the dollar at the foreign exchange market 24 hours after President Bola Ahmed Tinubu\u2019s first anniversary. FMDQ data showed that the Naira depreciated to N1484.75 against the Dollar on Thursday from N1329.65 on Wednesday. This represents an N155.1 loss against the dollar compared to […]<\/p>\n","protected":false},"author":84,"featured_media":120162,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15,29,28,2660],"tags":[1570,2140,1621,1623,254,945],"class_list":["post-120163","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","category-to-homepage","tag-africa-press","tag-africa-press-nigeria-2","tag-dollar","tag-naira","tag-nigeria","tag-tinubu"],"yoast_head":"\nNaira crashes massively against dollar 24 hours after Tinubu\u2019s anniversary - Nigeria<\/title>\n<meta name=\"description\" content=\"The Naira recorded its first massive depreciation against the dollar at the foreign exchange market 24 hours after Presi ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/www.africa-press.net\/nigeria\/economy\/naira-crashes-massively-against-dollar-24-hours-after-tinubus-anniversary\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Naira crashes massively against dollar 24 hours after Tinubu\u2019s anniversary\" \/>\n<meta property=\"og:description\" content=\"The Naira recorded its first massive depreciation against the dollar at the foreign exchange market 24 hours after Presi ...\" \/>\n<meta property=\"og:url\" content=\"http:\/\/www.africa-press.net\/nigeria\/economy\/naira-crashes-massively-against-dollar-24-hours-after-tinubus-anniversary\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-30T21:00:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-30T23:52:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/05\/sm_1717096601.475071.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"506\" \/>\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\":\"http:\/\/www.africa-press.net\/nigeria\/economy\/naira-crashes-massively-against-dollar-24-hours-after-tinubus-anniversary#article\",\"isPartOf\":{\"@id\":\"http:\/\/www.africa-press.net\/nigeria\/economy\/naira-crashes-massively-against-dollar-24-hours-after-tinubus-anniversary\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Naira crashes massively against dollar 24 hours after Tinubu\u2019s anniversary\",\"datePublished\":\"2024-05-30T21:00:40+00:00\",\"dateModified\":\"2024-05-30T23:52:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\/\/www.africa-press.net\/nigeria\/economy\/naira-crashes-massively-against-dollar-24-hours-after-tinubus-anniversary\"},\"wordCount\":184,\"commentCount\":0,\"image\":{\"@id\":\"http:\/\/www.africa-press.net\/nigeria\/economy\/naira-crashes-massively-against-dollar-24-hours-after-tinubus-anniversary#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/05\/sm_1717096601.475071.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"Dollar\",\"naira\",\"Nigeria\",\"Tinubu\"],\"articleSection\":[\"all news\",\"Economy\",\"head lines\",\"homepage-english\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"http:\/\/www.africa-press.net\/nigeria\/economy\/naira-crashes-massively-against-dollar-24-hours-after-tinubus-anniversary#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"http:\/\/www.africa-press.net\/nigeria\/economy\/naira-crashes-massively-against-dollar-24-hours-after-tinubus-anniversary\",\"url\":\"http:\/\/www.africa-press.net\/nigeria\/economy\/naira-crashes-massively-against-dollar-24-hours-after-tinubus-anniversary\",\"name\":\"Naira crashes massively against dollar 24 hours after Tinubu\u2019s anniversary - 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