Naira appreciates by 0.52% against Dollar, closing at N1,666.72

The Naira experienced an appreciation on Friday at the official market, with a trading rate of N1,666.72 per dollar.

According to data from the FMDQ Exchange, which manages the Nigerian Autonomous Foreign Exchange Market (NAFEM), the Naira strengthened by N8.77, marking a 0.52% increase from Thursday’s rate of N1,675.49 per dollar.

However, the total daily turnover decreased to $94.20 million, down from $166.61 million recorded the previous day.

In the Investor’s and Exporter’s (I&E) window, the Naira fluctuated between N1,685.00 and N1,600.00 against the dollar. (NAN