Business

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

Agbenu James

Recent Posts

Probe panel: Ortom defeats Benue state govt at appeal court

The Court of Appeal, Makurdi Division, on Thursday set aside the ruling of the Benue…

5 hours ago

Police take action over murder of lawyer Mark Ofikwu in Otukpo

The Benue State Police Command has confirmed the tragic killing of prominent Otukpo-based lawyer and…

6 hours ago

BREAKING: Reps reject bill proposing six-year single tenure for president, governors

A bill proposing a six-year single term for the office of the president and state…

8 hours ago

BREAKING: Senate approves Tinubu’s ₦1.77 Trillion loan request to address 2024 Budget deficit

The Senate has approved President Bola Tinubu’s ₦1.77 trillion ($2.2b) loan request following a voice…

8 hours ago

Finland arrests Simon Ekpa, four others over terrorism financing

Finnish-Nigerian separatist leader, Simon Ekpa, and four others have been arrested in Finland for involvement…

9 hours ago

BREAKING: Biafra: Simon Ekpa arrested in Finland

Finnish-Nigerian separatist agitator, Simon Ekpa, and four other persons have been arrested in Finland over…

9 hours ago