Naira appreciates by 0.6% at the NAFEM Window

Date:

April 5, 2024.

Thank you for reading this post, don't forget to subscribe!

Azonuchechi Chukwu.

Nigerian Naira appreciated against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Thursday, April 4 by 0.6 per cent or N7.78 rise to close at N1,255.07/$1 compared with the previous day’s value of N1,262.85/$1.

The value of foreign exchange (FX) trades during the session went down by $27.19 million or 16.4 per cent to $138.99 million from $166.18 million.

Also at the parallel market, the Nigerian Naira appreciated by N5  against the Dollar during the trading day to close at N1,240/$1 compared with the N1,245/$1 it quoted at midweek.

The Naira also improved its value against the Pound Sterling in the official market by N79.81 to sell at N1,591.75/£1 compared with the preceding session’s N1,671.56/£1 and against the Euro, it scaled up N67.68 to quote at N1,365.15/€1 versus Wednesday’s rate of N1,432.83/€1.(www.naija247news.com).


Discover more from Naija247news

Subscribe to get the latest posts to your email.

Azonuchechi Chukwu
Azonuchechi Chukwuhttps://gravatar.com/azonuchechivchukwu
Azonuchechi Chukwu - Business Journalist at Naija247news.com Azonuchechi Chukwu is a seasoned business journalist contributing to the insightful coverage of economic and financial news at Naija247news.com. With a passion for unraveling the complexities of the business world, Azonuchechi brings a wealth of expertise and dedication to his role. As a Business Journalist, Azonuchechi specializes in providing comprehensive analyses of market trends, corporate developments, and economic indicators. His in-depth reports offer Naija247news.com readers a nuanced understanding of the forces shaping the Nigerian and global business landscapes. Azonuchechi Chukwu's commitment to journalistic excellence is evident in his ability to translate complex financial information into accessible and engaging narratives. Whether exploring stock market fluctuations, corporate strategies, or economic policies, he strives to deliver content that empowers readers with valuable insights. With an educational background in business and a keen interest in the intersection of finance and technology, Azonuchechi stays at the forefront of industry dynamics. His coverage extends beyond traditional financial reporting, encompassing the dynamic realms of fintech, entrepreneurship, and sustainable business practices. Azonuchechi Chukwu's work goes beyond the surface, aiming to foster financial literacy and awareness among Naija247news.com's audience. By demystifying economic complexities and shedding light on emerging opportunities, he plays a pivotal role in keeping readers well-informed in the fast-paced world of business. As Naija247news.com's Business Journalist, Azonuchechi Chukwu continues to make meaningful contributions to the platform's mission of delivering timely, accurate, and relevant business news to its diverse audience. His dedication to journalistic integrity and his ability to navigate the intricacies of the business realm make him an invaluable asset to the Naija247news.com team.

Share post:

Subscribe

Popular

More like this
Related

Northeast Governors Decry Neglect, Call for Urgent Action

  Governors of the six North East states have decried...

Minister Alake Engages State Governors to Boost Regional Mining Sector Cooperation

  In a significant step towards fostering cooperation and constitutional...

Usyk Wins Unanimous Decision, Becomes Undisputed Heavyweight Champion

Oleksandr Usyk, the former undisputed champion at cruiserweight, has...

Edo Governor Obaseki to Fund N70,000 Minimum Wage with Government Expenditure Savings

Governor Godwin Obaseki of Edo State has unveiled plans...

Discover more from Naija247news

Subscribe now to keep reading and get access to the full archive.

Continue reading