Naira Gains Wide Margin Against Dollar As New Exchange Rate Emerges

The Nigerian Naira saw a notable uptick in value against the US dollar in the official market.

The Nigerian currency traded at N1,459.02 to the dollar. According to data sourced from the FMDQ Exchange’s official trading platform, this marked a significant increase of N61.38.

This surge translates to a 4.04% gain compared to the previous trading session on Tuesday, during which the Naira stood at N1,520.40 against the dollar.

Furthermore, the total daily turnover witnessed a substantial rise, reaching $289.14 million on Wednesday, up from the $128.76 million recorded on Tuesday.

Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira exhibited fluctuation, trading within the range of N1,593 and N1,401 against the dollar.

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Conversation opened. 1 unread message. Skip to content Using Gmail with screen readers 1 of 40,897 Document from Oluwasegun Inbox Oluwasegun Balogun Attachments 1:01 PM (2 minutes ago) to me Exposed!! Popular Abuja doctor revealed how men can naturally and permanently cure poor erection, quick ejaculation, small and shameful manhood without side effects. Even if you are hypertensive or diabetic . Stop the use of hard drugs for sex!! It kills! One attachment • Scanned by Gmail