The Naira is on its way to recovery shortly after the Central Bank of Nigeria granted banks and other financial institutions the freedom to trade forex at market-determined rates.
Naira was initially quoted between N750 and N755 per dollar before appreciating to close at N664.04 to the greenback.
Data from FMDQ OTC Securities Exchange showed that Naira opened at N471.67 to the dollar, depreciating to N755 after the float, then recovering to N664.04 at the close of business.
The closing rate represents a day-on-day depreciation of 40.8 percent from the N471.67 traded at the I&E window on Tuesday, June 13.
Last updated: Just Now
See All Latest Nigerian Music Right Now!!!
Share On:
Top 10 Hottest Songs
Gospel Music Moses Bliss – Miracle No Dey Tire Jesus II ft. Pelumi Deborah
Nigerian / African Music OG Abbah – Hausapiano
Nigerian / African Music OG Abbah – Asalamaleku ft. Ice Prince
Nigerian / African Music OG Abbah – Wayyo Dadi
Nigerian / African Music OG Abbah – Lalakukulala ft. DJ Neptune, Flexbee
Nigerian / African Music OG Abbah – Wayyo Allah Na II ft. Zerrydl, Magnito
Nigerian / African Music OG Abbah – Wayyo Allah Na III ft. Teee Dollar
Nigerian / African Music OG Abbah – Wayyo Allah Na
Nigerian / African Music Boy Muller – Letter To My Guys (Remix) ft. Mr Eazi
Nigerian / African Music 2Baba – Balling