{"id":84014,"date":"2024-03-28T06:11:05","date_gmt":"2024-03-28T05:11:05","guid":{"rendered":"https:\/\/dailynews24.ng\/?p=84014"},"modified":"2024-03-28T06:11:14","modified_gmt":"2024-03-28T05:11:14","slug":"naira-gains-6-at-official-market","status":"publish","type":"post","link":"https:\/\/dailynews24.ng\/naira-gains-6-at-official-market\/","title":{"rendered":"Naira gains 6% at official market"},"content":{"rendered":"\n

The Naira appreciated against the dollar by 5.97 per cent at the official market by the close of Wednesday\u2019s trading session, according to data from the FMDQ trading platform.<\/p>\n\n\n\n

It appreciated by N82.52 to reach N1,300 per dollar<\/a>, compared to N1,383 recorded on Tuesday.<\/p>\n\n\n\n

Also read: Tinubu to review foreign affairs ministry\u2019s ambassadorial list<\/a><\/p>\n\n\n\n

Total turnover also rose to $416.10 million from $245.58 million the previous day.<\/p>\n\n\n\n

In the Investor\u2019s and Exporters\u2019 (I&E) window, the Naira fluctuated between N1,460 and N1,200 against the dollar.<\/p>\n\n\n\n

Also read: CBN sells dollars to BDCs at N1,251\/$1<\/a><\/p>\n\n\n\n

This comes after the Central Bank of Nigeria (CBN) announced a 200 basis points increase in the Monetary Policy Rate (MPR) during its 294th Monetary Policy Committee (MPC) meeting on Tuesday, raising it from 22.75 percent to 24.75 percent.<\/p>\n\n\n\n

The CBN Governor, Mr Yemi Cardoso, cited the move as a measure to address the country\u2019s escalating inflation.<\/p>\n\n\n\n

NAN<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Naira appreciated against the dollar by 5.97 per cent at the official market by the close of Wednesday\u2019s trading session, according to data from the FMDQ trading platform. It appreciated by N82.52 to reach N1,300 per dollar, compared to N1,383 recorded on Tuesday. Also read: Tinubu to review foreign affairs ministry\u2019s ambassadorial list Total […]<\/p>\n","protected":false},"author":33,"featured_media":83179,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5763,3097,5877],"tags":[],"yoast_head":"\nNaira gains 6% at official market - Daily News 24 - Latest Nigerian News<\/title>\n<meta name=\"description\" content=\"The Naira appreciated against the dollar by 5.97 per cent at the official market by the close of Wednesday\u2019s trading session, according to\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailynews24.ng\/naira-gains-6-at-official-market\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Naira gains 6% at official market - Daily News 24 - Latest Nigerian News\" \/>\n<meta name=\"twitter:description\" content=\"The Naira appreciated against the dollar by 5.97 per cent at the official market by the close of Wednesday\u2019s trading session, according to\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/dailynews24.ng\/wp-content\/uploads\/2023\/08\/Naira-and-Dollar.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@dailynews24_NG\" \/>\n<meta name=\"twitter:site\" content=\"@dailynews24_NG\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Auwal Sani\" \/>\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\":\"NewsArticle\",\"@id\":\"https:\/\/dailynews24.ng\/naira-gains-6-at-official-market\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/dailynews24.ng\/naira-gains-6-at-official-market\/\"},\"author\":{\"name\":\"Auwal Sani\",\"@id\":\"https:\/\/dailynews24.ng\/#\/schema\/person\/a67385c51af127064208fd6f444f1ac3\"},\"headline\":\"Naira gains 6% at official market\",\"datePublished\":\"2024-03-28T05:11:05+00:00\",\"dateModified\":\"2024-03-28T05:11:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/dailynews24.ng\/naira-gains-6-at-official-market\/\"},\"wordCount\":157,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/dailynews24.ng\/#organization\"},\"image\":{\"@id\":\"https:\/\/dailynews24.ng\/naira-gains-6-at-official-market\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/dailynews24.ng\/wp-content\/uploads\/2023\/08\/Naira-and-Dollar.jpg\",\"articleSection\":[\"Business\",\"Economy\",\"Money Talks\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/dailynews24.ng\/naira-gains-6-at-official-market\/#respond\"]}],\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/dailynews24.ng\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dailynews24.ng\/naira-gains-6-at-official-market\/\",\"url\":\"https:\/\/dailynews24.ng\/naira-gains-6-at-official-market\/\",\"name\":\"Naira gains 6% at official market - 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