Site icon NewsVeo

Naira appreciates against Dollar

An image depicting the exchange of Naira and Dollar

The Naira appreciated at the official market on Monday, trading at ₦1,607.15 to the dollar.

Data from the official trading platform of the FMDQ Exchange, which oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the Naira gained ₦9.93.

This represents a 0.61 percent gain compared to the previous trading date on August 2, when it exchanged at ₦1,617.08 to a dollar.

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

Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira traded between ₦1,620.50 and ₦1,570.00 against the dollar.

Get instant and latest news updates via Our WhatsApp Community or Google News online channel.

Exit mobile version