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Naira Gains Slightly Against Dollar, Weakens on Black Market

Muhammad A. Aliyu
By Muhammad A. Aliyu
Published: August 29, 2024
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The naira showed a slight appreciation against the dollar on Thursday, closing at N1593.93 per dollar in the foreign exchange market, according to data from FMDQ.

This marks a gain of N12.63 from Wednesday’s close of N1606.56 per dollar.

However, the naira weakened on the black market, falling to N1625 per dollar from N1620 on Wednesday.

This fluctuation in the naira’s value comes as the foreign exchange transaction turnover decreased to $155.52 million on Thursday, down from $160.94 million recorded on Wednesday.

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ByMuhammad A. Aliyu
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Muhammad Ameer Aliyu, is a prolific journalist who joined Okay Nigeria in 2015 with the aim staying committed to bringing more positive growth to the digital news platform. He is the Senior Editor at Okay Nigeria.
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Dollar/Naira Rates

Dollar to Naira Rate

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Buy Rate ₦1,560.00
Sell Rate ₦1,570.00

Updated: 1 day ago

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