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Naira gains as Foreign Exchange turnover drops
The Nigerian naira gained against the dollar at the close of business on Thursday on the foreign exchange market.
Data from FMDQ showed that the naira appreciated a bit to N 1593.93 per dollar on Thursday from N1606.56 recorded on Wednesday, representing N12.63 appreciation.
Meanwhile, on the black market, the naira tumbled to N1625 for a dollar on Thursday from N1620 on Wednesday.
In the meantime, the foreign exchange transaction turnover decreased by $155.52 million on Thursday from $160.94 million the previous day.