- The Nigerian forex market experienced a surge in the dollar by over 200% in the official market, leading to the naira’s appreciation
- The Nigerian currency is appreciated marginally to trade at N1,482 as of Friday, May 24, 2024, as against the N1,485 per dollar recorded the day earlier
- However, the naira depreciated in the parallel market to trade at N1,510 per dollar on Friday, May 24, 2024.
Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment, and the economy for over a decade.
The Nigerian foreign exchange market recorded a high dollar supply on Friday, May 24, 2024, positively impacting the value of the naira in the official market.
