Naira appreciates by 0.5 %, trades N1, 666/$ at official window

Naira appreciates by 0.5 %, trades N1, 666/$ at official window

The Naira traded N1,666 to a dollar at the official window on Friday.

Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that Naira gained N8.7 in today’s trading.

This represents a 0.52 percent gain when compared to the N1,675 to a dollar recorded on Thursday.

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The total daily turnover, however, reduced to $94.20 million down from $166.61 million recorded the previous day.

At the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,685.00 and N1,600.00 against the dollar.

Naira appreciates by 0.5 %, trades N1, 666/$ at official window