{"id":135334,"date":"2024-10-23T23:34:07","date_gmt":"2024-10-23T22:34:07","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/naira-drops-by-n52-against-dollar-in-48-hours-as-fx-supply-plunges"},"modified":"2024-10-24T00:36:28","modified_gmt":"2024-10-23T23:36:28","slug":"naira-drops-by-n52-against-dollar-in-48-hours-as-fx-supply-plunges","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-drops-by-n52-against-dollar-in-48-hours-as-fx-supply-plunges","title":{"rendered":"Naira drops by N52 against dollar in 48 hours as FX supply plunges"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The Naira dropped by N52.24 against the dollar at the foreign exchange market in the last 48 hours as FX supply plunged.<\/p>\n

This comes as FMDQ data showed that the Naira weakened to N1653.02 on Tuesday from N1600.78 exchange rate on Friday last week.<\/p>\n

This represents an N52.24 loss against the dollar compared to the N1600.78 traded last Friday.<\/p>\n

Accordingly, this is the second time the Naira has depreciated after commencing the week with N1603.16 per dollar on Monday.<\/p>\n

The depreciation of the Naira comes amid the drop in foreign exchange transactions turnover to $176.15 million from $359.22 traded at the start of the week.<\/p>\n

Meanwhile, at the black market, the Naira stood at N1728 per dollar on Tuesday.<\/p>\n

Despite the Central Bank of Nigeria\u2019s interventions, the Naira had continued to fluctuate in the FX market.<\/p>\n

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

Africa-Press – Nigeria. The Naira dropped by N52.24 against the dollar at the foreign exchange market in the last 48 hours as FX supply plunged. This comes as FMDQ data showed that the Naira weakened to N1653.02 on Tuesday from N1600.78 exchange rate on Friday last week. This represents an N52.24 loss against the dollar […]<\/p>\n","protected":false},"author":84,"featured_media":135333,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1621,1623,254],"class_list":["post-135334","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 drops by N52 against dollar in 48 hours as FX supply plunges - Nigeria<\/title>\n<meta name=\"description\" content=\"The Naira dropped by N52.24 against the dollar at the foreign exchange market in the last 48 hours as FX supply plunged. ...\" \/>\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-drops-by-n52-against-dollar-in-48-hours-as-fx-supply-plunges\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Naira drops by N52 against dollar in 48 hours as FX supply plunges\" \/>\n<meta property=\"og:description\" content=\"The Naira dropped by N52.24 against the dollar at the foreign exchange market in the last 48 hours as FX supply plunged. ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-drops-by-n52-against-dollar-in-48-hours-as-fx-supply-plunges\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-23T22:34:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-23T23:36:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/10\/sm_1729713970.819474.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-drops-by-n52-against-dollar-in-48-hours-as-fx-supply-plunges#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-drops-by-n52-against-dollar-in-48-hours-as-fx-supply-plunges\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Naira drops by N52 against dollar in 48 hours as FX supply plunges\",\"datePublished\":\"2024-10-23T22:34:07+00:00\",\"dateModified\":\"2024-10-23T23:36:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-drops-by-n52-against-dollar-in-48-hours-as-fx-supply-plunges\"},\"wordCount\":158,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-drops-by-n52-against-dollar-in-48-hours-as-fx-supply-plunges#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/10\/sm_1729713970.819474.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-drops-by-n52-against-dollar-in-48-hours-as-fx-supply-plunges#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-drops-by-n52-against-dollar-in-48-hours-as-fx-supply-plunges\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-drops-by-n52-against-dollar-in-48-hours-as-fx-supply-plunges\",\"name\":\"Naira drops by N52 against dollar in 48 hours as FX supply plunges - 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