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Saturday, December 7, 2024

Naira gains 0.67% against Dollar at official market

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The naira strengthened on Tuesday at the official market, trading at N1,678.93 to the dollar, marking a recovery from a three-day losing streak.

According to data from the FMDQ Exchange’s official trading platform, the naira gained N11.44, reflecting a 0.67% increase from the previous day’s rate of N1,690.37.

Despite the currency’s appreciation, the total daily turnover fell to $128.59 million on Tuesday, a decline from $173.14 million recorded on Monday.

At the Investor’s and Exporter’s (I&E) window, the naira traded within a range of N1,698 to N1,631 against the dollar.

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