Naira appreciates by 3.3%, trades at N1,354/$

The Naira on Monday, May 6, 2024 further appreciated at the official market, trading at N1,354.21 to the dollar.

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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 N46.19.

Naira gains, exchanges at N1,400 against dollar

This represents a 3.29 per cent gain when compared to the previous trading date on Friday, May 3, when it exchanged at N1,400.40 to a dollar.

However, the total daily turnover reduced to $84.83 million on Monday, down from $201.88 million recorded on Friday.

Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,441.00 and N1,285.00 against the dollar.

The Star