The Naira experienced substantial appreciation on Friday, April 12, trading at N1,142.38 to the dollar. This recovery was noted from data on the official trading platform of the FMDQ Exchange.
The Nigerian Autonomous Foreign Exchange Market, overseen by the platform, reported that the Naira gained N88.23, representing a 7.16 percent increase compared to the previous trading date on Monday, when it exchanged at N1,230.61 to a dollar before the Sallah holiday.
The total daily turnover also surged to $281.34 million on Friday, up from $125.55 million recorded on Monday, April 8.
Meanwhile, at the Investor’s and Exporter’s window, the Naira traded between N1,265 and N1,100 against the dollar.
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