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The foreign exchange daily turnover declined by 20.58 percent to $93.21 million on Wednesday from $117.36 million recorded on Monday at the investors and exporters window.
The data obtained from FMDQ show that naira gained N2.68k to close at N359.69k per dollar compared to N362.37k traded the previous day at the window.
Naira also strengthened at the Nigerian Autonomous Foreign Exchange Fixing (NAFEX), and the Nigerian Foreign Exchange Fixing (NIFEX), gaining N1.33k and N0.38k respectively. It closed at N362.33k on Tuesday from N363.66k on Monday at the NAFEX, while it closed at N326.37k per dollar on Tuesday from N362.75k per dollar on Monday at the NiFEX window.
At the Central Bank of Nigeria (CBN) official market, the local currency remained stable closing at the rate of N305.65k per dollar, data from FMDQ revealed.
However, naira closed at N367 per US dollar which show a depreciation in value compared to between N362.50k and N363 per dollar traded in the previous week at the black market.
HOPE MOSES-ASHIKE
