Naira Strengthens, Trading at N1,540.78 to the Dollar in Official Market

Naira

The Naira appreciated on Friday, trading at N1,540.78 to the dollar at the official market, gaining N35.32 from the previous rate. This marks a 2.24% increase compared to Thursday's exchange rate of N1,576.10.

According to data from the FMDQ Exchange, the total daily turnover decreased to $212.31 million, a significant drop from the $334.05 million recorded the previous day.

In the Investor's and Exporter’s (I&E) window, the Naira fluctuated between N1,691 and N1,530 against the dollar, reflecting ongoing volatility in the foreign exchange market. The recent gain shows a positive shift despite lower trading volumes.

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