The naira, on Tuesday, April 30, 2024, 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), revealed that the gain represented a 1.98 per cent appreciation for naira.
The percentage increase is significant when compared to the previous trading date on Monday, April 29.
Naira crashes to N1,419 against dollar at official market
The local currency experienced about two weeks steady fall by exchanging at N1,419 to a dollar.
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 on Tuesday up from $147.83 million recorded on Monday.
Meanwhile, at the Investors and Exporters (I&E) window, the naira traded between N1,450 and N1,200 against the dollar.
- Labour rejects FG’s N54,000 new minimum wage proposal - May 21, 2024
- Court jails varsity student for internet fraud - May 21, 2024
- Coach Pochettino leaves Chelsea - May 21, 2024
