Naira gains N28.15 against US dollar
On Tuesday, the naira closed 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.
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.
The Federal Government of Nigeria earlier said it is committed to raising a minimum of $10 billion to enhance foreign exchange liquidity, to stabilize the naira and foster economic growth.
(NAN)
