New Exchange Rate Emerge As Naira Gains Massively Against Dollar At Official Market

The Naira appreciated by N73.39 at the official market on Tuesday, trading at N1,561.76 to the dollar, according to data from the FMDQ Exchange.

This marks a 4.48 per cent gain compared to Monday’s rate of N1,635.15 per dollar.

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Additionally, the total daily turnover rose significantly to $253.68 million, up from $126.24 million recorded the previous day.

At the Investor and Exporter (I&E) window, the Naira fluctuated between N1,650 and N1,540 against the dollar.

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