Naira’s gains remarkable strength against dollar

The naira on Wednesday bounced back after three consecutive days of losses and appreciated at the official market, trading at N1,645.40 against the dollar.

Data from the official trading platform of the FMDQ Exchange revealed that the naira gained N44.48.

This represents a 2.63 per cent gain compared to Tuesday’s previous trading date when it exchanged at N1,689.88 to a dollar.

Also, the total daily turnover increased to $236.84 million on Wednesday, up from 106.44 million dollars recorded on Tuesday.

The News Agency of Nigeria reported that the Investor’s and Exporter’s (I&E) window, the naira traded between N1,698.50 and N1,609.00 against the dollar.