dollar supply increase
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![Today's Naira Rate[15-08-2024]: Naira Gains 1.38% to ₦1,564.48/$ Amid Surge in Dollar Supply](/data/attachments/207/207258-f03ffe954e3016d0e0568883b0dfca20.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate[15-08-2024]: Naira Gains 1.38% to ₦1,564.48/$ Amid Surge in Dollar Supply
The Nigerian Naira appreciated to ₦1,564.48 per dollar on Thursday, a 1.38% gain driven by increased dollar supply. Trading volumes surged by 61.54%, reflecting heightened market activity. The Central Bank of Nigeria's recent measures, including the Retail Dutch Auction System, aim to stabilize...- Nigeria News
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- 2 min read
- dollar supply increase foreign exchange market naira appreciation nigerian currency
- Category: Business
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![Today's Naira Rate[01-08-2024]: Central Bank Urged to Enhance Interventions as Naira Recovers to N1,608.73](/data/attachments/206/206744-3c44473101cfdb95816e4fca0635f7db.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate[01-08-2024]: Central Bank Urged to Enhance Interventions as Naira Recovers to N1,608.73
Naira recovers after a 62.81% rise in dollar supply at the official FX market. The currency gained 0.76% to N1,608.73 per dollar. Despite this, it remains volatile due to the high demand for dollars. BDC operators call for increased CBN interventions to stabilize the market. The Nigerian Naira...- Nigeria News
- Article
- 1 min read
- dollar supply increase fx market volatility
- Category: Business
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