Naira appreciates, trades at N1,600/$

The Naira closed the week stronger on Friday at the official market, trading at N1,600 to the dollar.

Data from the official trading platform of the FMDQ Exchange revealed that the Naira gained N1.20.

This represents a 0.07 per cent gain when compared to the previous trading date on Thursday when it exchanged at N1,601.20 to a dollar.

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Also, the total daily turnover increased to 284.93 million dollars on Friday up from 230.99 million dollars recorded on Thursday.

At the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,682 and N1,589.82 against the dollar.