News
Naira rebounds, gains N28.15 against Dollar
Naira witnessed a steady fall about two weeks ago by exchanging at N1,419 to a dollar.
The naira on Tuesday closed the month of April on a good footing as it 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 indicated that the gain represented a 1.98 per cent appreciation for naira.
READ ALSO: Naira Will Continue To Appreciate Against Dollar, Shettima Assures
The percentage increase is significant compared to the previous trading date on Monday, April 29.
The local currency for about two weeks recorded a 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 Investor’s and Exporter’s window, the naira traded between N1,450 and N1,200 against the dollar.
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