Uncategorized Naira depreciates as dollar supply drops on Monday Osmek News September 23, 2024 Naira depreciates as dollar supply drops on Monday ShareThe naira depreciated against the dollar at the foreign exchange market to resume the week amid a drop in FX transaction turnover. FMDQ data showed that the naira dropped to N1,562.66 against the dollar on Monday from N1,541.02 per dollar recorded last Friday. This represents N21 loss. Similarly, at the parallel foreign exchange market, the naira fell slightly to N1,665 per dollar on Monday from N1,663 exchanged last Friday. The development comes as the foreign exchange transaction turnover dropped to $100.21 million on Monday from $190.57 million at the end of last week. This is coming as the Central Bank of Nigeria’s 297th Monetary Policy Committee meeting kicked off in Abuja on Monday. To this end, CBN is expected to take a key monetary policy stance at the end of the MPC meeting on Tuesday. About The Author Osmek News See author's posts Tags: dollar Monday Naira Depreciates Continue Reading Previous Previous post: Edo Guber: What God cannot do does not exist – Oshiomhole reacts as Okpebholo winsNext Next post: Yahaya Bello: Kogi Assembly asks Tinubu to sack EFCC Chairman Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name Email Website Related News DSS releases Sowore, returns his passport after arrest in Lagos September 15, 2024 Sina Rambo, wife expecting 3rd child amid separation September 9, 2024