Business

Naira gains, trades N1,574/$ at official market

The naira closed at the rate of N1,574.20 against the United States dollar at the official market on Friday, August 9, 2024.

Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the naira gained N15.79.

Investors gain N270bn at stock market

It represents a 1.22 per cent gain when compared to the trading on Thursday, August 8, when the local currency exchanged at N1,589.99 to a dollar.

The naira traded at an intra-day high of N1,601 and a low of N1,520 to a dollar on Friday.

The Star

Segun Ojo

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