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HomeBusiness NewsNaira Gains N28.34 Against The Dollar At Official Market

Naira Gains N28.34 Against The Dollar At Official Market

The Naira gained by N28.34 on Monday in the official market, closing at N1,468.99 to the dollar, marking a noteworthy move.

According to data from the FMDQ Exchange’s official trading portal, the increase signified a 1.89 percent appreciation of the Naira.

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When compared to the previous trading date on Friday, May 17, 2024, when the local currency traded at N1,497.33 to the dollar, the % rise is noteworthy.

Over the previous several weeks, Nigeria’s foreign exchange (FX) reserves rose by almost $535 million.

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By May 16, 2024, FX reserves have increased from $32.107 billion on April 19, 2024, to $32.642 billion. [CONTINUE READING HERE]

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