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Home News General

Naira appreciates 0.6% against dollar at official market

Quadri Olaitan by Quadri Olaitan
August 6, 2024
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The Naira on Monday appreciated at the official market, trading at N1,607.15 to the dollar.

Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market, showed that the Naira gained N9.93.

 

Also read: Dollar speculation: FG to ban naira from crypto trading platforms

 

This represents a 0.61 per cent gain when compared to the previous trading date on August 2 when it exchanged at N1,617.08 to a dollar.

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

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

Quadri Olaitan
Quadri Olaitan

Quadri Olaitan is a journalist and contributor to Freelanews.com, covering news, public affairs, and human-interest stories.

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