Naira appreciates by 0.6% against dollar at official market

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The Naira on Monday appreciated at the official market, trading at N1,607.15 to the dollar.

Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market , showed that the Naira gained N9.93. This represents a 0.61 per cent gain when compared to the previous trading…Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market , showed that the Naira gained N9.93.

Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market , showed that the Naira gained N9.93. This represents a 0.61 per cent gain when compared to the previous trading… With the net foreign exchange loss of over N700 billion suffered by major listed firms and the continuous poor performance of the economy, there are fears that the non-performing loans of banks will record a spike shortly.

 

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