{"id":18244,"date":"2024-04-06T05:47:43","date_gmt":"2024-04-06T05:47:43","guid":{"rendered":"https:\/\/theblogonline.com\/?p=18244"},"modified":"2024-04-06T05:47:43","modified_gmt":"2024-04-06T05:47:43","slug":"naira-gains-ground-hits-n1245-per-dollar-in-parallel-market","status":"publish","type":"post","link":"https:\/\/theblogonline.com\/?p=18244","title":{"rendered":"Naira Gains Ground, Hits N1,245 Per Dollar In Parallel Market"},"content":{"rendered":"<p class=\"p1\">On Friday, the Nigerian Naira strengthened to N1,245 per dollar in the parallel market, up from N1,250 per dollar the previous day.<\/p>\n<p class=\"p1\"><span class=\"s1\">Similarly, in the Nigerian Foreign Exchange Market (NAFEM), the Naira saw an increase to N1,251.05 per dollar. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">According to data from FMDQ, the indicative exchange rate for NAFEM decreased to N1,251.05 per dollar from N1,255.07 per dollar on Thursday, signaling a N4.02 appreciation for the Naira. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Market activity saw a high of N1,281 per dollar and a low of N1,220 per dollar, resulting in a N61 margin. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Dollar trading volume surged by 78.6 percent to $248.27 million compared to $138.99 million on Thursday. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">As a result, the margin between the parallel market and NAFEM rates widened to N6.05 per dollar from N5.07 per dollar on Thursday.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Friday, the Nigerian Naira strengthened to N1,245 per dollar in the parallel market, up from N1,250 per dollar the previous day.<\/p>\n","protected":false},"author":1,"featured_media":18245,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[132,2644,4867],"class_list":["post-18244","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-dollar","tag-naira","tag-parallel-market"],"_links":{"self":[{"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/posts\/18244"}],"collection":[{"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18244"}],"version-history":[{"count":1,"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/posts\/18244\/revisions"}],"predecessor-version":[{"id":18246,"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/posts\/18244\/revisions\/18246"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/media\/18245"}],"wp:attachment":[{"href":"https:\/\/theblogonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}