{"id":45563,"date":"2021-07-09T08:28:22","date_gmt":"2021-07-09T08:28:22","guid":{"rendered":"http:\/\/watchdogplusmedia.com\/?p=45563"},"modified":"2021-07-09T08:28:27","modified_gmt":"2021-07-09T08:28:27","slug":"naira-appreciates-against-the-u-s-dollar","status":"publish","type":"post","link":"https:\/\/watchdogplusmedia.com\/?p=45563","title":{"rendered":"Naira appreciates against the U.S dollar"},"content":{"rendered":"\n
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On Thursday, the Nigerian currency gained against the US Dollar in the foreign currency (FX) market\u2019s Investors and Exporters (I&E) window.<\/p>\n\n\n\n

Data from FMDQ securities shows the domestic currency appreciated by 20 kobo or 0.05 percent against the greenback to close on Thursday, July 8 at N411.25\/$1 compared with N411.45\/$1 it finished on Wednesday.<\/p>\n\n\n\n

Market participants during trading yesterday bid for The Naira<\/a> at an intraday low of N420.86 and a high of N400.00 before closing at N411.25 on Thursday.<\/p>\n\n\n\n

One of the factors that supported this gain was the decline in the demand for FX at the market window during the session.<\/p>\n\n\n\n

Data shows the turnover for the day stood at $84.06 million, $176.45 million, or 67.7 percent lower than the $260.51 million recorded a day earlier.<\/p>\n\n\n\n

At the black market, Data from Abokifx<\/a> shows that Naira exchange rate to the dollar, Euro remained unchanged but gained against the British pounds.<\/p>\n\n\n\n

Naira to U.S dollars closed at N503\/$1 and Euro at N593\/\u20ac1 but gained N2 against the Pound to finish at N708\/\u00a31 compared with the previous day\u2019s N710\/\u00a31.<\/p>\n","protected":false},"excerpt":{"rendered":"

On Thursday, the Nigerian currency gained against the US Dollar in the foreign currency (FX) market\u2019s Investors and Exporters (I&E) window. Data from FMDQ securities shows the domestic currency appreciated by 20 kobo or 0.05 percent against the greenback to close on Thursday, July 8 at N411.25\/$1 compared with N411.45\/$1 it finished on Wednesday. Market […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_mi_skip_tracking":false},"categories":[21],"tags":[],"yoast_head":"\nNaira appreciates against the U.S dollar » WatchDog Plus Media<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/watchdogplusmedia.com\/?p=45563\" \/>\n<meta name=\"author\" content=\"Odofin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/watchdogplusmedia.com\/?p=45563#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/watchdogplusmedia.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Economy\",\"item\":\"https:\/\/watchdogplusmedia.com\/?cat=21\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Naira appreciates against the U.S dollar\"}]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Naira appreciates against the U.S dollar » WatchDog Plus Media","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/watchdogplusmedia.com\/?p=45563","author":"Odofin","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"BreadcrumbList","@id":"https:\/\/watchdogplusmedia.com\/?p=45563#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/watchdogplusmedia.com\/"},{"@type":"ListItem","position":2,"name":"Economy","item":"https:\/\/watchdogplusmedia.com\/?cat=21"},{"@type":"ListItem","position":3,"name":"Naira appreciates against the U.S dollar"}]}]}},"rttpg_featured_image_url":null,"rttpg_author":{"display_name":"Odofin","author_link":"https:\/\/watchdogplusmedia.com\/?author=2"},"rttpg_comment":0,"rttpg_category":"<a href=\"https:\/\/watchdogplusmedia.com\/?cat=21\" rel=\"category\">Economy<\/a>","rttpg_excerpt":"On Thursday, the Nigerian currency gained against the US Dollar in the foreign currency (FX) market\u2019s Investors and Exporters (I&E) window. Data from FMDQ securities shows the domestic currency appreciated by 20 kobo or 0.05 percent against the greenback to close on Thursday, July 8 at N411.25\/$1 compared with N411.45\/$1 it finished on Wednesday. Market…","_links":{"self":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts\/45563"}],"collection":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=45563"}],"version-history":[{"count":-4,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts\/45563\/revisions"}],"wp:attachment":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}