Naira continues to appreciate, gains N7.78 at official market

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The Naira gained at the official market on Thursday as it traded at N1,255.07 to a dollar.

According to Data released from the official trading platform of the FMDQ states that the the Nigerian currency, Naira gained N7.78

This represents a 0.62 per cent appreciation when compared to the previous day’s trading on Wednesday, exchanging at N1,262.85 to a dollar.

However, the total turnover increased to $138.99 million on Thursday, up from $166.18 million recorded on Wednesday.

Meanwhile, at the Investor’s and Exporters’ (I&E) window, the Naira traded between N1,294 and N1,200 against the dollar.

The Central Bank of Nigeria revealed that Naira gained about 660 since the new reformed was introduced to help the currency gain some strengths.