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Naira falls as dollar supply drops by 6.13%

Intraday high closed at N1,504 per dollar, on Thursday stronger than N1,510 on Wednesday. Intraday low weakened to N946.82 per dollar as against N896.28/$1 closed on Wednesday.

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Naira Gains as FX Demand Eases

Forex dealers said that transactions ranged from N1,545 to N1,551.50. By the end of trade, the Nigerian Foreign Exchange Market (NFEM) had finished at N1,547.9989, a tiny 8-basis-point decrease from the previous session.

Naira Gains on Dollar as Inflation Hits 27.33%

Also, in the parallel market, the local currency improved its rate against the US Dollar in the midweek session by N5 to quote at N1,135/$1, in contrast to the previous day's value of N1,140/$1.
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