Naira gains against US dollars at foreign exchange market

The Naira has appreciated slightly against the US dollar and other currencies at the foreign exchange market at the close of the trading week on Friday.

Data from FMDQ showed that the Naira recorded a gain to trade at N1,469.97 per US dollar on Wednesday from N1,479.47 on Friday.

This is a 0.6 percent or N9.5 gain compared to 1,433.89 recorded at the close of trading on Tuesday.

However, the N1,469.97 against the dollar is N50 lower when compared to the feat achieved on Monday when the trading week commenced at N1419.86.

At the Parallel Market, also known as Black Market, Naira dropped to N1,490 per Dollar on Friday from N1,440 on Thursday.

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