Good News As Dollar Slumps Against Naira At Official Market

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The Naira on Monday further appreciated at the official market, trading at N1,354.21 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 N46.19......Read The Full Article>>.....Read The Full Article>>

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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.

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

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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.

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