{"id":122904,"date":"2024-07-03T12:00:36","date_gmt":"2024-07-03T11:00:36","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/naira-continues-depreciation-streak-against-dollar-despite-cbn-policy"},"modified":"2024-07-03T13:15:08","modified_gmt":"2024-07-03T12:15:08","slug":"naira-continues-depreciation-streak-against-dollar-despite-cbn-policy","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-continues-depreciation-streak-against-dollar-despite-cbn-policy","title":{"rendered":"Naira continues depreciation streak against dollar despite CBN policy"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The Naira has continued its depreciation streak against the dollar in the foreign exchange market despite the Central Bank of Nigeria\u2019s policy interventions.<\/p>\n

FMDQ data showed that the Naira slightly depreciated to N1509.45 against the dollar on Tuesday from N1508.99 traded on Monday.<\/p>\n

This represents a marginally N0.46 loss compared to the N1508.99 per dollar it traded on Monday.<\/p>\n

Meanwhile, at the parallel market, the Naira traded flat against the dollar at N1515 on Tuesday.<\/p>\n

This is as the foreign exchange transactions turnover at the official FX market stood at $213.31 million on Tuesday.<\/p>\n

The development comes after the Central Bank of Nigeria in a circular signed by its acting Director of Currency Operations Department, Solaja Olayemi warned banks and licensed Bureau De Change operators against the rejection of lower or old denomination of Dollar notes.<\/p>\n

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

Africa-Press – Nigeria. The Naira has continued its depreciation streak against the dollar in the foreign exchange market despite the Central Bank of Nigeria\u2019s policy interventions. FMDQ data showed that the Naira slightly depreciated to N1509.45 against the dollar on Tuesday from N1508.99 traded on Monday. This represents a marginally N0.46 loss compared to the […]<\/p>\n","protected":false},"author":84,"featured_media":122903,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[503,1621,1623,254],"class_list":["post-122904","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-cbn","tag-dollar","tag-naira","tag-nigeria"],"yoast_head":"\nNaira continues depreciation streak against dollar despite CBN policy - Nigeria<\/title>\n<meta name=\"description\" content=\"The Naira has continued its depreciation streak against the dollar in the foreign exchange market despite the Central Ba ...\" \/>\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-continues-depreciation-streak-against-dollar-despite-cbn-policy\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Naira continues depreciation streak against dollar despite CBN policy\" \/>\n<meta property=\"og:description\" content=\"The Naira has continued its depreciation streak against the dollar in the foreign exchange market despite the Central Ba ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-continues-depreciation-streak-against-dollar-despite-cbn-policy\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-03T11:00:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-03T12:15:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/07\/sm_1719996063.695691.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\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-continues-depreciation-streak-against-dollar-despite-cbn-policy#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-continues-depreciation-streak-against-dollar-despite-cbn-policy\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Naira continues depreciation streak against dollar despite CBN policy\",\"datePublished\":\"2024-07-03T11:00:36+00:00\",\"dateModified\":\"2024-07-03T12:15:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-continues-depreciation-streak-against-dollar-despite-cbn-policy\"},\"wordCount\":157,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-continues-depreciation-streak-against-dollar-despite-cbn-policy#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/07\/sm_1719996063.695691.jpg\",\"keywords\":[\"CBN\",\"Dollar\",\"naira\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-continues-depreciation-streak-against-dollar-despite-cbn-policy#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-continues-depreciation-streak-against-dollar-despite-cbn-policy\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-continues-depreciation-streak-against-dollar-despite-cbn-policy\",\"name\":\"Naira continues depreciation streak against dollar despite CBN policy - 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