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Naira gains slightly against dollar at official market

Posted on April 5, 2024

On Thursday, the Naira gained value in the official market, trading at N1,255.07 to the dollar.

According to data from the FMDQ’s official trading portal, the naira rose by N7.78.

This is a 0.62 percent increase over the previous day’s trading on Wednesday, when the exchange rate was N1,262.85 to the dollar.

However, total turnover increased to $138.99 million on Thursday, from $166.18 million on Wednesday.

Meanwhile, at the Investors and Exporters (I&E) window, the Naira traded between N1,294 and N1,200 per dollar.

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