Naira appreciates by 0.67% against dollar at official market

The naira appreciated on Tuesday, November 19 at the official market, trading at N1,678.93 against the dollar and recovering from a three-day trading loss.

Data from the official trading platform of the FMDQ Exchange revealed that the naira gained N11.44, a 0.67 per cent gain compared to the previous trading date on Monday when it exchanged at N1,690.37 to a dollar.

However, the total daily turnover reduced to $128.59 million on Tuesday, down from $173.14 million recorded on Monday.

At the Investor’s and Exporter’s (I&E) window, the naira traded between N1,698 and N1,631 against the dollar.