Naira appreciates against dollar first time in days

The Naira recorded its first appreciation against the dollar at the official foreign exchange market on July 23, 2024.

FMDQ data showed that the Naira appreciated to N1608.73 per dollar on Thursday from N1621.12 on Wednesday.

This represents an N12.39 gain against the dollar at the foreign exchange market compared to the N1621.12 traded on Wednesday.

It means the Naira ended July on a positive note at the forex market.

Meanwhile, in the black market, the Naira depreciated between N1610 and 1605 per dollar on Thursday from N1600 the previous day.

DAILY POST reports that the last time Naira gained at the official FX market was on July 23, 2024, when it exchanged at N1500.