{"id":137732,"date":"2024-11-09T18:37:15","date_gmt":"2024-11-09T17:37:15","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/naira-slumps-against-dollar-to-end-on-negative-note"},"modified":"2024-11-09T18:53:46","modified_gmt":"2024-11-09T17:53:46","slug":"naira-slumps-against-dollar-to-end-on-negative-note","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-slumps-against-dollar-to-end-on-negative-note","title":{"rendered":"Naira slumps against dollar to end on negative note"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The Naira depreciated against the dollar on Friday at the foreign exchange market to end the week on a negative note.<\/p>\n

FMDQ data showed that the weakened to N1678.87 per dollar on Friday from the N1639.50 exchange rate on Thursday.<\/p>\n

This represents a N39.37 depreciation against the dollar compared to N1678.87 exchanged on Thursday.<\/p>\n

Meanwhile, at the parallel market, the naira gained N10 to exchange at N1740 per dollar on Friday compared to N1750 recorded the previous day.<\/p>\n

The development comes as Foreign Exchange transactions turnover surged astronomically to $1403.76 million on Friday from $244.96 million on Thursday, according to FMDQ data.<\/p>\n

In the week under review, the naira recorded mixed sentiments of gains and losses.<\/p>\n

This showed Naira had continued to experience fluatuations in the FX marketers despite the Central Bank of Nigeria interventions.<\/p>\n

Recall that on Wednesday, CBN authorised commercial, merchant, and non-interest banks in the country to manage tradeable foreign currencies deposited in domiciliary accounts established through the new Foreign Currency Disclosure, Deposit, Repatriation, and Investment Scheme.<\/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 on Friday at the foreign exchange market to end the week on a negative note. FMDQ data showed that the weakened to N1678.87 per dollar on Friday from the N1639.50 exchange rate on Thursday. This represents a N39.37 depreciation against the dollar compared to N1678.87 exchanged […]<\/p>\n","protected":false},"author":84,"featured_media":137731,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15,29],"tags":[1621,1623,254],"class_list":["post-137732","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-dollar","tag-naira","tag-nigeria"],"yoast_head":"\nNaira slumps against dollar to end on negative note - Nigeria<\/title>\n<meta name=\"description\" content=\"The Naira depreciated against the dollar on Friday at the foreign exchange market to end the week on a negative note. 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