The Nigerian naira appreciated against the United States American dollar, closing at N791.75/$1 at the official market. According to data from the FMDQ Securities Exchange, the naira rose by 5.87 per cent or N49.39 compared to the previous day’s rate of N841.14/$ at the Nigerian Autonomous Foreign Exchange Market. The naira’s gain was, however, expected due to the recent move of the Central Bank of Nigeria to clear some of its FX backlog. Investors’ highest bid for the dollar was N1120/$1, while the intraday low was N701/$1, representing a wide…
Read MoreNaira Appreciates To N791/$1 In Official Market
