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

    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

    Damagum tightens grip as PDP state chairmen disown rival leadership

    Embattled National Chairman of the Peoples Democratic Party (PDP), Ambassador Umar Damagum, on Thursday...

    South East Senate caucus lauds Dangote, hails FG fiscal initiative on industrialists

    THE South East Senate Caucus has hailed the Dangote Group, declaring that its refinery...

    We’ll continue to sustain, consolidate the gains achieved — Tinubu

    President Bola Tinubu, on Thursday in Abuja, stated that Nigeria remains on a steady...

    Alleged N400m Fraud: Court strikes out charge against Senator Uba

    The Federal High Court sitting in Abuja, on Thursday, struck out a N400million fraud...

    More like this

    Damagum tightens grip as PDP state chairmen disown rival leadership

    Embattled National Chairman of the Peoples Democratic Party (PDP), Ambassador Umar Damagum, on Thursday...

    South East Senate caucus lauds Dangote, hails FG fiscal initiative on industrialists

    THE South East Senate Caucus has hailed the Dangote Group, declaring that its refinery...

    We’ll continue to sustain, consolidate the gains achieved — Tinubu

    President Bola Tinubu, on Thursday in Abuja, stated that Nigeria remains on a steady...