On Friday, the official market saw a sharp increase in the value of the naira, which was trading at N1,142.38 to the dollar.
The Naira increased by N88.23, according to data from the FMDQ Exchange’s official trading portal, which is in charge of the Nigerian Autonomous Foreign Exchange Market.
Comparing this to the previous trading date on Monday, April 8, when the currency was trading at N1,230.61 to the dollar before to the Sallah holiday, shows a rise of 7.16 percent.
According to the News Agency of Nigeria on Saturday, the total daily turnover went from $125.55 million on Monday to $281.34 million on Friday.
In the Meantime, at the Investor’s and Exporter’s window, the Naira traded between N1,265 and N1,100 against the dollar.
