Thursday, May 1, 2025

Naira gains N73.39 against dollar at official market

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Ibrahim Ramalan
Ibrahim Ramalan
Ibrahim Ramalan is a graduate of Mass Communications from the Ahmadu Bello University (ABU) Zaria. With nearly a decade-long, active journalism practice, Mr Ramalan has been able to rise from a cub reporter to the exalted position of an editor; first as Arts Editor with the Blueprint Newspapers before resigning in 2019; second and presently as an Associate Editor of the Daily Nigerian online newspaper. He can be reached via ibroramalan@gmail.com, or www.facebook.com/ibrahim.ramalana, or @McRamalan on Twitter.
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tiamin rice

The Naira on Tuesday appreciated by N73.39 at the official market, trading at N1,561.76 to the dollar.

Data from the official trading platform of the FMDQ Exchange revealed this.

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This represents a 4.48 per cent gain when compared to the previous trading date on Monday when it exchanged at N1,635.15 to a dollar.

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Also, the total daily turnover increased to 253.68 million dollars on Tuesday, up from 126.24 million dollars recorded on Monday.

Meanwhile, at the Investor’s and Exporter’s, I&E, window, the Naira traded between N1,650 and N1,540 against the dollar, respectively.
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