Naira gains against dollar at weekend

Nigeria’s currency, the naira, gained against the US dollar at the foreign exchange market during the weekend.

Official data from FMDQ showed that the country’s currency appreciated to N791.25 against the dollar at the close of work on Friday, compared to N841.14/$1 on Thursday.

The figure represents a 5.87 per cent or N49.39 gain compared to the exchange rate on the previous day.

Meanwhile, at the parallel market, naira maintained a level of stability.

A Bureau De Change operator in Wuse Zone 4 Abuja, Dayyabu Mistila, confirmed that he sold dollar at N1140 and bought at N1125 on Friday.

Similarly, DAILY POST reported the naira recorded a N31.23 gain on Wednesday despite an October inflation hike in Nigeria.


Credit Gist New Today News in Newspaper Nigeria Headlines

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