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Nairaland Forum / Nairaland / General / Business / Naira Gains Against US Dollar Amid Rising Inflation (170 Views)
Naira Gains Against Dollar, Trades At N1113/$ At The P2P Market / UBA Announces Improved Staff Welfare, Pay Rise Amid Rising Inflation, Hardship / CBN Raises Interest Rate To 15.5% To Curb Rising Inflation (2) (3) (4)
Naira Gains Against US Dollar Amid Rising Inflation by Thonyb2: 10:57am On Nov 16, 2023 |
The Nigerian currency, the naira, gained against the US Dollar on Wednesday despite the country’s soaring inflation rate. According to data from FMDQ, the naira firmed against the Dollar to N818/$1 on Wednesday compared to N850.22/$1 exchanged on Tuesday. The figure represents a N31.23 gain compared to the exchange rate on the previous day. Meanwhile, at a parallel market, the country’s currency maintained relative stability as it traded at N1120 against the Dollar on Wednesday, the same rate quoted the previous day. However, .ng learnt on Thursday morning that the rate is up marginally to N1140 against the US dollar at the parallel market. The development comes as the National Bureau of Statistics’ latest Consumer Price Index data puts the October inflation rate at 27.33 per cent from 26.72 per cent in September. The latest inflation rate in Nigeria represents the highest in two decades. https://.ng/2023/11/16/naira-gains-against-us-dollar-amid-rising-inflation/ 1 Like
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Re: Naira Gains Against US Dollar Amid Rising Inflation by nawaforyouo: 11:00am On Nov 16, 2023 |
Thonyb2: WH0 UNA DEY DECEIVE |
Re: Naira Gains Against US Dollar Amid Rising Inflation by TANID(m): 11:19am On Nov 16, 2023 |
nawaforyouo:mumu Nigerian's |
Re: Naira Gains Against US Dollar Amid Rising Inflation by oloriooko(m): 11:46am On Nov 16, 2023 |
who be dis eediot posting this trash, gain my foot Thonyb2: |
(1) (Reply)
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