Naira still fighting back, further appreciates against dollar

Phenomenal
Phenomenal
CBN Gov, Yemi Cardoso

For the Nigerian currency, it is still the song of fallen bones shall rise again.

It on Monday further spelt stability for the economy as it appreciated at the official market, trading at N1,136.04 to the dollar.

It further lent strength, kudos and better hope for the Tinubu administration though prices of commodities are still being expected to phenomenally go down.

Data from the official trading platform of the FMDQ Exchange revealed that the Naira gained N6.34.

This represents a 0.55 per cent gain when compared to the previous trading date on Friday, April 12, exchanging at N1,142.38 to a dollar.

However, the total daily turnover reduced to 251.60 million dollars on Monday down from 281.34 million dollars recorded on Friday.

Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,227 and N1,000 against the dollar.

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