Naira bounces back, appreciates by 2.6% against dollar at official market

The Naira on Wednesday bounced back after consistent three days losses and appreciated at the official market trading at N1,645.40 against the dollar.

Data from the official trading platform of the FMDQ Exchange, revealed that the Naira gained N44.48.

This represents a 2.63 per cent gain when compared to the previous trading date on Tuesday when it exchanged at N1,689.88 to a dollar.

Also, the total daily turnover increased to 236.84 million dollars on Wednesday up from 106.44 million dollars recorded on Tuesday.

At the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,698.50 and N1,609.00 against the dollar.