More
    HomeBusiness NewsNaira appreciates by 0.6% against dollar at official market

    Naira appreciates by 0.6% against dollar at official market

    Published on

    spot_img
    spot_img

    The Naira on Monday appreciated at the official market, trading at N1,607.15 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 N9.93.

    This represents a 0.61 per cent gain when compared to the previous trading date on Aug. 2 when it exchanged at N1,617.08 to a dollar.

    READ ALSO: Police arrest 31 for producing, distributing Russian flags in Kano, Kaduna

    However, the total daily turnover reduced to 77.09 million dollars on Monday, down from 131.55 million dollars recorded on Aug. 2.

    Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,620.50 and N1,570.00 against the dollar.

    Kindly share this story:

    Contact: editor@thereporterng.com

    Stay informed!
    Follow us on: X.com: @TheReporter2024
    Follow us on: Facebook: TheReporterNigeria
    WhatsApp for breaking news, updates and exclusive content. Don't miss a headline – Click below to join now!
    WHATSAPP

    Latest articles

    Tinubu, Akpabio, Kalu, Nentawe, others lead APC consolidation as defections reshape Plateau politics

    Jos - Ahead of 2027 general elections, leaders of the All Progressives Congress, APC,...

    PDP Ibadan convention holds amid tension, defiance, court challenges

    A tense but resolute atmosphere dominated the Peoples Democratic Party (PDP) National Convention in...

    Mutfwang disowns move to expel Wike, Fayose, others from PDP

    Governor Caleb Mutfwang of Plateau State has formally distanced himself from the motion seeking...

    Damagum, Bala Mohammed, Makinde, others receive flags as PDP national convention begins in Ibadan

    The Peoples Democratic Party (PDP) National Convention is underway in Ibadan, as leaders of...

    More like this

    Tinubu, Akpabio, Kalu, Nentawe, others lead APC consolidation as defections reshape Plateau politics

    Jos - Ahead of 2027 general elections, leaders of the All Progressives Congress, APC,...

    PDP Ibadan convention holds amid tension, defiance, court challenges

    A tense but resolute atmosphere dominated the Peoples Democratic Party (PDP) National Convention in...

    Mutfwang disowns move to expel Wike, Fayose, others from PDP

    Governor Caleb Mutfwang of Plateau State has formally distanced himself from the motion seeking...