Business

Naira trades N1,607/$ at official market

The naira, on Monday, August 5, 2024, 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 August 2 when it exchanged at N1,617.08 to a dollar.

NNPCL unveils Utapate crude oil blend, begins export to Spain

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

Meanwhile, at the Investors and Exporters (I&E) window, the naira traded between N1,620.50 and N1,570.00 against the dollar.

The Star

Segun Ojo

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