N28.15: Naira Gains Value Against Dollar – Details.
The new development from capital market revealed that naira has closed the month of April on a good note as it gained N28.15 at the official market, trading at N1,390.96 to the dollar.
Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM) disclosed that the N28.15 gain against dollar represented 1.98 % appreciation.
The percentage increase is significant when compared to the previous trading date on Monday, April 29.
The local currency experienced a two-week steady fall by exchanging at N1,419 to a dollar.
The information have it that the success story was replicated in the volume of currency traded as the total daily turnover increased.
The daily turnover stood at 225.36 million dollars on Tuesday, up from 147.83 million dollars recorded on Monday.
Meanwhile, at the Investor’s and Exporter’s (I&E) window, the naira traded between N1,450 and N1,200 against the dollar. (NAN)
