The Naira, on Friday, experienced a huge appreciation at the official market, trading at ₦1,142.38 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 ₦88.23.
This represents a 7.16 percent gain when compared to the previous trading date on Monday, April 8th, exchanging at ₦1,230.61 to a dollar just before the Sallah holiday.
The total daily turnover increased to $281.34 million on Friday up from $125.55 million recorded on Monday.
Meanwhile, at the investors and exporters (I&E) window, the naira traded between ₦1,265 and ₦1,100 against the dollar.
Economic experts have continued to praise both fiscal and monetary policies of president Bola Ahmed Tinubu’s administration responsible for the steady naira appreciation.
The Naira, on Friday, experienced a huge appreciation at the official market, trading at ₦1,142.38 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 ₦88.23.
This represents a 7.16 percent gain when compared to the previous trading date on Monday, April 8th, exchanging at ₦1,230.61 to a dollar just before the Sallah holiday.
The total daily turnover increased to $281.34 million on Friday up from $125.55 million recorded on Monday.
Meanwhile, at the investors and exporters (I&E) window, the naira traded between ₦1,265 and ₦1,100 against the dollar.
Economic experts have continued to praise both fiscal and monetary policies of President Bola Ahmed Tinubu’s administration responsible for the steady naira appreciation.
