Naira Gains 0.6% Against Dollar in Official Market

On Monday, the Naira appreciated in the official market, trading at N1,607.15 to the dollar. According to data from the official trading platform of the FMDQ Exchange, which oversees the Nigerian Autonomous Foreign Exchange Market, the Naira gained N9.93, marking a 0.61 percent increase compared to the previous trading session on August 2, when it traded at N1,617.08 per dollar.

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

At the Investor’s and Exporter’s window, the Naira traded between N1,620.50 and N1,570.00 against the dollar.