The Naira appreciated by 0.6% against the dollar at the official market on Monday, trading at N1,607.15 per dollar.
Data from the FMDQ Exchange, which manages the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed a gain of N9.93 from the previous rate of N1,617.08 per dollar on August 2.
Despite this appreciation, the total daily turnover decreased to $77.09 million, compared to $131.55 million recorded on August 2.
At the Investor’s and Exporter’s (I&E) window, the Naira fluctuated between N1,620.50 and N1,570.00 against the dollar.
