Naira gains at official market | Premium Times Nigeria

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Naira gains at official market

Nigeria’s naira gained marginally against the U.S. dollar at the I&E window of the foreign exchange market on Wednesday, data posted on the FMDQ Security Exchange where forex is officially traded showed.However, the currency rate remained unchanged at the black market.

According to data posted on the FMDQ Security Exchange where forex is officially traded, the naira closed at N410.50 at the trading session of theThe domestic currency’s performance on Wednesday epresents 0.12 per cent appreciation from N411.00 the rate at which the naira closed at the previous session on Tuesday.This occurred as forex turnover slide by 59.10 per cent, with $21.92 million recorded as against the $53.53 million posted in the previous session on Tuesday.

However, the local unit remained unchanged against the U.S. dollar at the unofficial market on Wednesday, data posted on

 

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