Economy
Naira Surges Further on Official Market, Hits N1,354.21/$
The Naira experienced a notable surge yesterday at the official market, reaching a trading rate of N1,354.21 against the dollar.
This latest development was confirmed by the official trading platform of the FMDQ Exchange, which oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM).
Data provided revealed that the Naira witnessed a remarkable gain of N46.19, marking a 3.29% increase compared to the previous trading session on Friday, May 3, where it stood at N1,400.40 per dollar.
However, despite this impressive uptick, the total daily turnover saw a decrease, with transactions amounting to 84.83 million dollars on Monday, in contrast to the 201.88 million dollars recorded on Friday.
Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira was observed trading within the range of N1,285.00 to N1,441.00 against the dollar.
-
Entertainment2 years agoAdanma Luke Appeals for Forgiveness over Junior Pope’s Death: “I’m Gradually Losing My Life, Please Forgive Me”
-
Security News2 years agoRivers: Tension as Gunmen on Speedboat Abduct Fubara, Police Launch Manhunt
-
Security News2 years agoSoldiers in South East Extort, Humiliate Us While Kidnappers Operate Freely Near Checkpoints, Igbo Women’s Group Alleges
-
Politics2 years agoRevealed: Ajuri Ngelale Fired Over Feud with Onanuga, Despite Medical Cover Story
-
General News2 years agoGov. Soludo Seals Peter Obi’s Campaign Office, Edozie Njoku-Led APGA State Office
-
Security News2 years agoEnugwu-Ukwu in Shock: Deadly Ambush Leaves Multiple Dead, Survivors in Fear
-
General News2 years agoVideo: Moment DSS Staff Erupt in Jubilation as News of Bichi’s Sack Announced
-
Breaking News2 years agoJUST IN: Presidential Adviser Ajuri Ngelale Steps Down Temporarily, Cites Reasons