Naira Appreciates at Parallel, Official Market Against U.S. Dollar

The Naira, on Monday appreciated to N1,080 per dollar in the parallel market, from N1,230 per dollar last weekend.
Similarly, the Naira appreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,136.04 per dollar.

Data from the official trading platform of the FMDQ Exchange revealed that the Naira gained N6.34.

This represents a 0.55 per cent gain when compared to the previous trading date on Friday, April 12, exchanging at N1,142.38 to a dollar.

However, the total daily turnover reduced to 251.60 million dollars on Monday down from 281.34 million dollars recorded on Friday.

Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,227 and N1,000 against the dollar. (NAN)