According to data from the FMDQ Security Exchange, the naira gained marginally against the U.S. dollar at the Investors and Exporters window of the foreign exchange market on Wednesday, the 31st. However, the currency remains unchanged in the black market. The trading day came to a close at the Investors and Exporters window with the naira at N408.67 which represents an increase of about 0.08 percent(N0.33) from N409.00, the closing rate for the previous trading day, Thursday. The naira saw an intraday high of N381.00 and a low of N412.00, before wrapping Wednesday's trading day at N408.67. This happened as turnover dropped by 26.21 percent, with $35.37 million recorded as against the $47.93 million posted on Monday. According to the data, the naira closed at N486 on the black market on Wednesday, the same rate it traded on the previous day, Tuesday. This brings the difference between the unofficial market and the Investors and Exporters window exchange rate to about N77...
Thanks for reading. To read the rest of the article please log in or join now!
Be the first to comment!
You must login to comment