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Naira Recovers With N10, Trades N1,607/$ At Official Market

Naira to Dollar rate

 

 

By Shade Damiro

The naira, on Monday, August 5, 2024, appreciated at the official market, trading at N1,607.15 to the dollar.

Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the naira gained N9.93.

This represents a 0.61 per cent gain when compared to the previous trading date on August 2 when it exchanged at N1,617.08 to a dollar.

However, the total daily turnover reduced to $77.09 million on Monday, down from $131.55 million recorded on August 2.

Meanwhile, at the Investors and Exporters (I&E) window, the naira traded between N1,620.50 and N1,570.00 against the dollar.

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