{"id":131828,"date":"2024-09-23T22:34:06","date_gmt":"2024-09-23T21:34:06","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/naira-depreciates-as-dollar-supply-drops-on-monday"},"modified":"2024-09-23T23:36:26","modified_gmt":"2024-09-23T22:36:26","slug":"naira-depreciates-as-dollar-supply-drops-on-monday","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-depreciates-as-dollar-supply-drops-on-monday","title":{"rendered":"Naira depreciates as dollar supply drops on Monday"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The naira depreciated against the dollar at the foreign exchange market to resume the week amid a drop in FX transaction turnover.<\/p>\n

FMDQ data showed that the naira dropped to N1,562.66 against the dollar on Monday from N1,541.02 per dollar recorded last Friday.<\/p>\n

This represents N21 loss.<\/p>\n

Similarly, at the parallel foreign exchange market, the naira fell slightly to N1,665 per dollar on Monday from N1,663 exchanged last Friday.<\/p>\n

The development comes as the foreign exchange transaction turnover dropped to $100.21 million on Monday from $190.57 million at the end of last week.<\/p>\n

This is coming as the Central Bank of Nigeria\u2019s 297th Monetary Policy Committee meeting kicked off in Abuja on Monday.<\/p>\n

To this end, CBN is expected to take a key monetary policy stance at the end of the MPC meeting on Tuesday.<\/p>\n

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

Africa-Press – Nigeria. The naira depreciated against the dollar at the foreign exchange market to resume the week amid a drop in FX transaction turnover. FMDQ data showed that the naira dropped to N1,562.66 against the dollar on Monday from N1,541.02 per dollar recorded last Friday. This represents N21 loss. Similarly, at the parallel foreign […]<\/p>\n","protected":false},"author":84,"featured_media":131827,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1621,1623,254],"class_list":["post-131828","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-dollar","tag-naira","tag-nigeria"],"yoast_head":"\nNaira depreciates as dollar supply drops on Monday - Nigeria<\/title>\n<meta name=\"description\" content=\"The naira depreciated against the dollar at the foreign exchange market to resume the week amid a drop in FX transaction ...\" \/>\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-depreciates-as-dollar-supply-drops-on-monday\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Naira depreciates as dollar supply drops on Monday\" \/>\n<meta property=\"og:description\" content=\"The naira depreciated against the dollar at the foreign exchange market to resume the week amid a drop in FX transaction ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-depreciates-as-dollar-supply-drops-on-monday\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-23T21:34:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-23T22:36:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/09\/sm_1727118356.709319.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-depreciates-as-dollar-supply-drops-on-monday#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-depreciates-as-dollar-supply-drops-on-monday\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Naira depreciates as dollar supply drops on Monday\",\"datePublished\":\"2024-09-23T21:34:06+00:00\",\"dateModified\":\"2024-09-23T22:36:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-depreciates-as-dollar-supply-drops-on-monday\"},\"wordCount\":154,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-depreciates-as-dollar-supply-drops-on-monday#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/09\/sm_1727118356.709319.jpg\",\"keywords\":[\"Dollar\",\"naira\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-depreciates-as-dollar-supply-drops-on-monday#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-depreciates-as-dollar-supply-drops-on-monday\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-depreciates-as-dollar-supply-drops-on-monday\",\"name\":\"Naira depreciates as dollar supply drops on Monday - 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