Naira Appreciates by 0.94% Against Dollar, Trades N1566/$ At Official Market

The Naira on Thursday appreciated at the official market, trading at N1,566.82 to the dollar.

Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the Naira gained N14.83.

This represents a 0.937 per cent gain when compared to the previous trading date on Wednesday when it exchanged at N1,581.65 to a dollar.

However, the total daily turnover increased to 273.14 million dollars on Thursday, up from 108.16 million dollars recorded on Wednesday.

Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,650.00 and N1,500.00 against the dollar.

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