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    MarketForces Africa » MarketForces News » Naira Falls Against Dollar by 0.7%

    Naira Falls Against Dollar by 0.7%

    Julius AlagbeBy Julius AlagbeMarch 28, 2024 News No Comments1 Min Read
    Naira Falls Against Dollar by 0.7%
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    Naira Falls Against Dollar by 0.7%

    The Naira experienced a slight depreciation at the official market, trading at N1,309.39 to a dollar on Thursday.

    Data from the official trading platform of the FMDQ revealed that the Naira lost N8.96 or 0.69 per cent, compared to the previous day’s rate of N1,300.43 against the dollar.

    However, the total turnover increased to $857.78 million on Thursday, up from $416.10 million recorded on Wednesday.

    Meanwhile, at the Investor’s and Exporters’ (I&E) window, the Naira traded between N1,392 and N1,250 against the dollar. #Naira Falls Against Dollar by 0.7%

    MTN, Tier-1 banks’ stocks lift NGX gains by N157bn

    Naira
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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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