Naira surges at official market, trades N1,468/$

In a significant development, the Naira on Monday gained N28.34 at the official market, trading at N1,468.99 to the dollar.

Data from the official trading platform of the FMDQ Exchange revealed that the gain represented a 1.89 per cent appreciation for the Naira.

The percentage increase is impressive when compared to the previous trading date on Friday, May 17, 2024 when the local currency traded at N1,497.33 to the dollar.

Also, the volume of currency traded appreciated as the total daily turnover increased to 161.41 million dollars on Monday up from 83.50 million dollars recorded on Friday.

Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,550 and N1,400 against the dollar.

ALSO READ THESE TOP STORIES FROM NIGERIAN TRIBUNE 

• Former Labour Minister, ex-First Bank chairman, Afonja, dies at 82

• Minimum wage: Labour agrees to attend tripartite negotiation meeting

• PHOTOS: Peter Obi visits Kano mosque attack victims

• EU recalls popular bleaching cream, Caro White lotion

• Two members of President Raisi’s entourage make contact with rescue teams — Official

• Tinubu appoints Ajuri Ngelale as special envoy on climate action