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Naira gains ground against dollar, records 0.32% increase

Posted on April 5, 2024

The naira rose on Friday in the official market, trading at N1,251.05 per dollar.

According to data from the official trading portal of the FMDQ Exchange, which administers the Nigerian Autonomous Foreign Exchange Market (NAFEM), the Naira increased by N4.02.

This marks a 0.32 percent increase over the previous day’s trading on Thursday, when the exchange rate was N1,255.07 to the dollar.

However, total daily turnover jumped to $248.27 million on Friday, from $138.99 million on Thursday.

Meanwhile, at the Investors and Exporters (I&E) window, the Naira traded between N1,281 and N1,220 per dollar.

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