Naira appreciates by 0.2% against dollar

The Naira closed the week on a positive note, trading at N1,400.40 against the dollar, according to data from the FMDQ Exchange.

The Naira gained N2.27, representing a 0.16 per cent increase when compared to Thursday’s exchange rate of N1,402.67.

However, the total daily turnover reduced to 201.88 million dollars on Friday, down from 232.84 million dollars recorded on Thursday.

Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,435.00 and N1,300.40 against the dollar.