Kingsley
@landsident
Naira recovers as dollar supply rises by 63% Naira recovers as dollar supply rises by 63% Odinaka Anudu Hope Moses-Ashike August 1, 2024 The invisible hands in the fall of the naira Share The naira on Wednesday recovered from a week-long losses, following an increase in dollar supply by 62.81 percent at the official foreign exchange (FX) market. After trading on Wednesday, the naira gained 0.76 percent as the dollar was quoted at N1,608.73 compared to N1,621.12 seen on Tuesday at the Nigerian Autonomous Foreign Exchange Market (NAFEM), according to the data from the FMDQ Securities Exchange Limited. The dollar supplied by willing buyers and willing sellers increased by 62.81 percent to $270.81 million on Wednesday from $166.34 million recorded on Tuesday.
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