Nigerian currency made a slight recovery against the American dollar at the official exchange market, IgbereTV reports
Data from FMDQ securities showed that Naira on Friday, 25, March 2022 increased in value to US dollar by 0.08 per cent or 67 kobo to N416.33 a dollar, compared to the previous trading day N417/$.
This happened as the market witnessed forex supply to the tune of $119.64 million.
Naira also appreciated against the British Pound Sterling at the spot market on Friday by 49 kobo to quote at N549.29/£1 compared with the previously traded rate of N549.78/£1.
However, it was a different scenario against the Euro as it lost N1.06 to sell at N458.52/€1 in contrast to the preceding session’s value of N457.46/€1.
