Naira appreciates at official market, gains 2.4%

The naira gained at the official market, trading at N1, 278.58 to a dollar on Tuesday.
Data from the official trading platform of the FMDQ revealed that the naira gained N30.81 or 2.35 per cent, compared to the previous trading date on Thursday, March, 28, 2024 just before the Easter holiday at the rate of N1,309.39 against the dollar.
However, the total turnover reduced to $111.18 million on Tuesday, down from $857.78 million recorded on Thursday, March 28, 2024.
Meanwhile, at the Investor’s and Exporters’ window, the Naira traded between N1,312.00 and N1,250.00 against the dollar.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

World
Trump pays over $5 million damages to E. Jean Carroll Â
A court filing showed that Mr Trump paid a total of $5.6 million, including interest.

States
Army kills two terrorists, rescue kidnap victims in Edo
The operation was initiated following a report of a kidnap incident at Ambrose Alli University, Ekpoma, on 13 July.

NationWide
CIoD seeks reforms to boost Nigeria’s global competitiveness
Mr Oyebanji said governance had become a strategic imperative amid technological disruption.

NationWide
Senate passes three concurrence bills, advances FMC Argungu bill
The Senate unanimously approved the three bills for concurrence.

Economy
BOI commits €85 million facility to drive cocoa processing
The bank said it would prioritise lending to processors, cooperatives and micro, small, and medium enterprises that add value locally.

States
Police arrest suspected bandit in Kano
The police recovered items including two sets of suspected military uniform.





