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  • Business - Your Money
  • Updated: February 01, 2024

Naira appreciates to N1,455/$

Naira appreciates to N1,455/$

The Naira slightly appreciated against the US dollar in the official foreign exchange market at the end of January 2024 to close at N1,455/$.

According to data from FMDQ, the Naira marginally appreciated N1,455.59 per US dollar from N1,482.57 on Tuesday.

On a day-to-day level, the Naira appreciated by N26.98 gain or a 1.85 per cent increase, to close at N1,455.59 from N1,482.57 per Dollar on Tuesday.

Meanwhile, the black market remained unchanged at N1,500  per US Dollar at the close of Wednesday.

This comes after the Abuja chapter of the Association of Bureau De Change (BDC) Operators has announced the closure of their business premises indefinitely from Thursday, February 1, 2024.

Earlier, the apex bank announced that it released over $500m in the forex market to clear the FX backlog.

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