The naira gained N28.15 at the official market to close April on a positive note, trading at N1,390.96 to the dollar.
According to information obtained from the FMDQ Exchange’s official trading platform, which is in charge of managing the Nigerian Autonomous Foreign Exchange Market (NAFEM), the gain amounted to a 1.98 percent appreciation of the naira.
When compared to Monday, April 29, the prior trading date, the percentage rise is noteworthy.
The local currency steadily declined over the course of two weeks, trading at N1,419 to the dollar.
As the overall daily turnover rose, the success story was repeated in the amount of currency transacted.
Tuesday’s daily turnover increased from Monday’s 147.83 million dollars to Tuesday’s 225.36 million dollars.
In the meantime, the value of the naira against the dollar fluctuated between N1,450 and N1,200 during the Investors and Exporters (I&E) window.