ABUJA (Sundiata Post) – The Naira recorded a marginal appreciation at the official market trading at N1,483.62 to the dollar at the close of business on Monday.
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 gained 37 kobo.
This represents a 0.02 per cent gain when compared to the previous trading date on Friday when it traded at N1,483.99 to the dollar.
The volume of currency traded, however, reduced to $161.69 on Monday, from $269.27 million recorded on Friday.
This indicates a trade reduction of $107.578.
At the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,505 and N1,410 against the dollar.
