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Naira bounces back, appreciates by 2.6% against dollar at official market

Freedom Online by Freedom Online
November 13, 2024
in Breaking News, Business
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Naira depreciates marginally, exchanges at 445.83 to dollar
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The Naira, on Wednesday, bounced back after consistent three-day 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 when compared to the previous trading date on Tuesday 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 recorded on Tuesday.

At the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,698.50 and N1,609.00 against the dollar.

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