{"id":16661,"date":"2024-09-17T23:57:24","date_gmt":"2024-09-17T22:57:24","guid":{"rendered":"https:\/\/thedailynewswave.com\/?p=16661"},"modified":"2024-09-17T23:57:24","modified_gmt":"2024-09-17T22:57:24","slug":"naira-depreciates-massively-against-dollar-after-holiday","status":"publish","type":"post","link":"https:\/\/thedailynewswave.com\/naira-depreciates-massively-against-dollar-after-holiday\/","title":{"rendered":"Naira depreciates massively against dollar after holiday\u00a0"},"content":{"rendered":"<div id=\"mvp-search-wrap\">\n<div id=\"mvp-search-box\">\n<div>When workers returned to work on Monday following the Eid-Ul-Mawlid holiday, the naira fell against the dollar on the foreign exchange market.<\/div>\n<\/div>\n<\/div>\n<div id=\"mvp-site-wall\" class=\"left relative\">\n<div id=\"mvp-site-main\" class=\"left relative\">\n<div id=\"mvp-main-body-wrap\" class=\"left relative\">\n<article id=\"mvp-article-wrap\">\n<div id=\"mvp-article-cont\" class=\"left relative\">\n<div class=\"mvp-main-box\">\n<div id=\"mvp-post-main\" class=\"left relative\">\n<div class=\"mvp-post-main-out left relative\">\n<div class=\"mvp-post-main-in\">\n<div id=\"mvp-post-content\" class=\"left relative\">\n<div id=\"mvp-content-wrap\" class=\"left relative\">\n<div class=\"mvp-post-soc-out right relative\">\n<div class=\"mvp-post-soc-in\">\n<div id=\"mvp-content-body\" class=\"left relative\">\n<div id=\"mvp-content-body-top\" class=\"left relative\">\n<div id=\"mvp-content-main\" class=\"left relative\">\n<div class=\"ai-viewport-2 ai-viewport-3\" data-insertion-position=\"prepend\" data-selector=\".ai-insert-17-21031400\" data-insertion-no-dbg=\"\" data-code=\"PGRpdiBjbGFzcz0nY29kZS1ibG9jayBjb2RlLWJsb2NrLTE3JyBzdHlsZT0nbWFyZ2luOiA4cHggMDsgY2xlYXI6IGJvdGg7Jz4KPGRpdiBhbGlnbj0iY2VudGVyIj4KPCEtLSAvMTQwMDE2MzYvRFBfSW5zaWRlUG9zdF9BZHNlbnNlXzEgLS0+CjxkaXYgaWQ9J2Rpdi1ncHQtYWQtMTUyNDU5NTkwNTI2OC00Jz4KPHNjcmlwdD4KZ29vZ2xldGFnLmNtZC5wdXNoKGZ1bmN0aW9uKCkgeyBnb29nbGV0YWcuZGlzcGxheSgnZGl2LWdwdC1hZC0xNTI0NTk1OTA1MjY4LTQnKTsgfSk7Cjwvc2NyaXB0Pgo8L2Rpdj4KPC9kaXY+Cgo8L2Rpdj4K\" data-block=\"17\">\n<div class=\"code-block code-block-17\">\n<div align=\"center\">\n<div id=\"div-gpt-ad-1524595905268-4\" data-google-query-id=\"COqjhdPjyogDFfeEOgUd_yYrqQ\">\n<div id=\"google_ads_iframe_\/14001636\/DP_InsidePost_MPU_1_0__container__\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>FMDQ data showed that the naira fell to N1656.56 per dollar on Tuesday from N1,546.41 on last Friday.<\/p>\n<p>This represents N110.15 depreciation against the dollar compared to the N1,546.41 exchanged last Friday.<\/p>\n<div class=\"code-block code-block-24\">\n<div align=\"center\">\n<div id=\"div-gpt-ad-1574186166799-0\" data-google-query-id=\"CO-jhdPjyogDFfeEOgUd_yYrqQ\">\n<div id=\"google_ads_iframe_\/14001636\/DP_InsidePost_MPU_6_0__container__\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Meanwhile, on the black market, the naira gained N5 to close at N1660 per dollar on Tuesday from N1,665 exchanged last week.<\/p>\n<p>The development comes as foreign currency transaction turnover closed at $100.39 million on Tuesday.<\/p>\n<p>DAILY POST reports that in the last weeks, the naira had continued to fluctuate against the dollar in the foreign exchange market despite the Central Bank of Nigeria\u2019s intervention.<\/p>\n<div class=\"ai-viewport-2 ai-viewport-3\" data-insertion-position=\"prepend\" data-selector=\".ai-insert-18-95922523\" data-insertion-no-dbg=\"\" data-code=\"PGRpdiBjbGFzcz0nY29kZS1ibG9jayBjb2RlLWJsb2NrLTE4JyBzdHlsZT0nbWFyZ2luOiA4cHggMDsgY2xlYXI6IGJvdGg7Jz4KPGRpdiBhbGlnbj0iY2VudGVyIj4KPCEtLSAvMTQwMDE2MzYvRFBfSW5zaWRlUG9zdF9BZHNlbnNlXzIgLS0+CjxkaXYgaWQ9J2Rpdi1ncHQtYWQtMTUyNDU5NTkwNTI2OC01Jz4KPHNjcmlwdD4KZ29vZ2xldGFnLmNtZC5wdXNoKGZ1bmN0aW9uKCkgeyBnb29nbGV0YWcuZGlzcGxheSgnZGl2LWdwdC1hZC0xNTI0NTk1OTA1MjY4LTUnKTsgfSk7Cjwvc2NyaXB0Pgo8L2Rpdj4KPC9kaXY+CjwvZGl2Pgo=\" data-block=\"18\">\n<div class=\"code-block code-block-18\">\n<div align=\"center\">\n<div id=\"div-gpt-ad-1524595905268-5\" data-google-query-id=\"COujhdPjyogDFfeEOgUd_yYrqQ\">\n<div id=\"google_ads_iframe_\/14001636\/DP_InsidePost_MPU_2_0__container__\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>On Monday, the National Bureau of Statistics\u2019 August inflation figure showed that Nigeria\u2019s inflation eased for the second consecutive time to 32.15 per cent.<\/p>\n<p>Written By Ogaga Ariemu<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>When workers returned to work on Monday following the Eid-Ul-Mawlid holiday, the naira fell against the dollar on the foreign exchange market. FMDQ data showed that the naira fell to N1656.56 per dollar on Tuesday from N1,546.41 on last Friday. This represents N110.15 depreciation against the dollar compared to the N1,546.41 exchanged last Friday. Meanwhile, [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":16662,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"om_disable_all_campaigns":false,"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[43,6],"tags":[2137,2138],"class_list":{"0":"post-16661","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"category-news","9":"tag-dollar","10":"tag-naira"},"jetpack_publicize_connections":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Naira depreciates massively against dollar after holiday\u00a0 - The DailyNewswave<\/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:\/\/thedailynewswave.com\/naira-depreciates-massively-against-dollar-after-holiday\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Naira depreciates massively against dollar after holiday\u00a0 - The DailyNewswave\" \/>\n<meta property=\"og:description\" content=\"When workers returned to work on Monday following the Eid-Ul-Mawlid holiday, the naira fell against the dollar on the foreign exchange market. FMDQ data showed that the naira fell to N1656.56 per dollar on Tuesday from N1,546.41 on last Friday. This represents N110.15 depreciation against the dollar compared to the N1,546.41 exchanged last Friday. 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