The Naira appreciated on Tuesday at the official market, trading at N1,630.45 to the dollar, according to data from the FMDQ trading platform. This marks a 2.40% gain compared to Monday’s exchange rate of N1,670.65 per dollar.
Daily turnover in the foreign exchange market also saw a significant rise, reaching $242.59 million on Tuesday, up from $81.17 million recorded the previous day.
At the Investors and Exporters (I&E) window, the Naira traded within a range of N1,601 to N1,690 against the dollar, reflecting ongoing market fluctuations.
The improvement in the Naira’s value comes amid efforts to stabilise the currency and increase liquidity in the foreign exchange market.
Leave feedback about this
You must be logged in to post a comment.