Naira Records Biggest Appreciation In Four Months To N1,173.88/$1 -

The naira surged N1,1173.88/$1 on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window on Tuesday, marking an increase of 14.09% from the previous day’s rate. This is the highest one-day increase since January 2024, and it comes amidst a significant surge in foreign exchange (FX) turnover, which increased by 81.59% to $328.32 million. According to data from the FMDQ, the naira held steady on Monday, May 27, 2024, at the rate of N1,339.33/$1.https://nairametrics.com/2024/05/28/naira-records-biggest-appreciation-in-four-months-to-n1173-88-1/