NEWS Naira continues to rise against dollar on Monday Osmek News August 12, 2024 1 min read Naira begins week with depreciation ShareThe naira continued its appreciation streak against the dollar at the official foreign market on Monday. FMDQ data showed that the naira gained N3.21 at N1570.99 per dollar on Monday from N1,574.20 exchanged on Friday. This represents a slight 3.21 gain against the dollar compared to N1,574.20 on Friday. Meanwhile, on the black market, the naira remained flat at N1,600 per dollar, the same rate it exchanged last Friday. This comes amid CBN’s recent commencement of the Dutch Auction System amid the dollar demand spike. In a statement on Friday, the apex bank sold $815.26 million to 26 banks at N1,495 per dollar. About The Author Osmek News See author's posts Tags: dollar Monday Naira continues rise Continue Reading Previous Previous post: Nigeria will rise if churches preach hard work over prosperity – OsinbajoNext Next post: Petrol may sell for N600 per liter with Dangote Refinery – Marketers Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name Email Website Related News Onitsha Mob Takes Law Into Their Hands, Burns Soludo Revenue Agents November 24, 2024 Nigeria’s oldest Catholic priest, Thomas Oleghe dies at 104 November 24, 2024