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Naira appreciates 0.10% against dollar at official market

The Naira had a breather on Tuesday, September 25 as it appreciated against the United States Dollar at the opening session of the week at the Investors and Exporters (I&E) segment of the foreign exchange (forex) market, IgbereTV reports

Despite the biting dollar crunch, the local currency gained 0.10 per cent against the US Dollar to close at N436.04 compared with the N436.50/$1 it was traded at the spot market last Friday.

Naira appreciation comes as the dollar supply to the official window dropped by 16%.

According to FMDQ Securities Exchange data, the total trade on Tuesday stood at $83.71 million from $99.78 million recorded on Monday.

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