Naira rebounds, gains N28.15 against dollar
The naira on Tuesday closed the month of April on a good footing as it gained N28.15 at the official market, trading at N1,390.96 to the dollar.
Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market indicated that the gain represented a 1.98 per cent appreciation for naira.
The percentage increase is significant compared to the previous trading date on Monday, April 29.
The local currency for about two weeks recorded a steady fall by exchanging at N1,419 to a dollar.
The success story was replicated in the volume of currency traded, as the total daily turnover increased.
The daily turnover stood at $225.36 million on Tuesday up from $147.83 million recorded on Monday.
Meanwhile, at the Investor’s and Exporter’s window, the naira traded between N1,450 and N1,200 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.”
States
Youths shun Edo LG polls to play football in Benin
The youth mounted goalposts and played football in sets.
States
Police arrest five suspected cultists, recover weapons in Lagos
The police said the suspects were allegedly involved in terrorising residents of the Apapa, Ijora and Badia areas of the state.
States
Obi charges Tinubu, govs to strengthen security, says no child should suffer kidnapping
Mr Obi called for sustained efforts to build a country where children could pursue their education free from threats of violence and abduction.
States
Police arrest 33-year-old for staging self-kidnap in Ondo
Detectives arrested Mr Sikiru on July 7, 2026, and discovered that he had allegedly orchestrated his own kidnapping.
World
South Africa’s Jayden Adams dies shortly after returning from World Cup
Adams played three matches at the World Cup in North America as South Africa reached the knockout round.
NationWide
IPI Nigeria secures release of journalist detained over drone possession
IPI Nigeria president Musikilu Mojeed welcomed Ms Sodiq’s release and commended the SSS for its engagement with the institute.
