Naira appreciates by 0.6% against dollar

Data from the official trading platform of the FMDQ Exchange, which oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the naira gained N9.93.

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

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

Meanwhile, at the Investor’s and Exporter’s (I&E) window, the naira traded between N1,620.50 and N1,570.00 against the dollar.

(NAN)

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