ECONOMY

Naira static at N1,339.33 against dollar at official market

Published

7 months ago

May 28, 2024

Grace Alegba

The Naira on Tuesday traded at same rate of N1,339.33 to a dollar at the official market.

Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the Naira remained static.

This indicated that the local currency neither gained nor lost as it exchanged for same rate of N1,339.33 to the dollar on Monday and Tuesday.

However, the volume of currency traded increased to $328.32 million on Tuesday up from $180.80 million recorded on Monday.

Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,506.00 and N1,150.00 against the dollar.

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Grace Alegba

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