Posted 4/13/2024, 6:29:52 AM
Naira Appreciates Over 7% Against Dollar, Hits 5-Month High on Improved Liquidity
- Naira gained 7.2% against the dollar at the official market on Friday, trading at N1,142.38 per dollar
- This represents a significant appreciation of N88.23 compared to Monday's rate of N1,230.61 per dollar
- Total daily turnover in the official market increased substantially to $281.34 million on Friday
- At Investor's and Exporter's window, Naira traded between N1,265 and N1,100 per dollar
- Experts praise fiscal and monetary policies under President Tinubu's administration for steady Naira appreciation