Business

Naira gains, exchanges at N1,400 against dollar

The naira closed the week on a positive note on Friday, May 3, 2024, trading at N1,400.40 against the dollar.

The naira, according to data from the FMDQ Exchange, gained N2.27, representing a 0.16 per cent increase when compared to Thursday’s exchange rate of N1,402.67.

However, the total daily turnover reduced to $201.88 million on Friday, down from $232.84 million recorded on Thursday.

Naira exchanges at N1,402 against dollar

Meanwhile, at the Investors and Exporters (I&E) window, the naira traded between N1,435.00 and N1,300.40 against the dollar.

The Star

Segun Ojo

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