News

Naira gains against dollar at official market

The naira, on Monday, May 27, 2024, experienced huge appreciation at the official market, trading at N1,339.33 to the dollar.

Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the naira gained N143.48

This represents a 9.67 per cent gain when compared to the previous trading date on Friday, May 24, exchanging at N1,482.81.

Edo govt begins N70,000 minimum wage payment  to workers

However, the total daily turnover reduced to $180.80 million on Monday down from $556.25 million recorded on Friday.

Meanwhile, at the Investors and Exporters (I&E) window, the naira traded between N1,501 and N1,310 against the dollar.

The Star

Segun Ojo

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