The Nigerian currency, the Naira, ended the month of April on a positive note, as it gained ₦28.15 at the official market, trading at ₦1,390.96 to the dollar.
According to data from the FMDQ Exchange, this represents a 1.98% appreciation for the Naira, which is a significant increase compared to the previous trading date.
The local currency had been experiencing a steady decline for about two weeks, but this gain marks a turnaround.
Additionally, the volume of currency traded also saw an increase, with the daily turnover reaching 225.36 million dollars on Tuesday, up from 147.83 million dollars on Monday.
At the Investor’s and Exporter’s window, the Naira traded between ₦1,450 and ₦1,200 against the dollar.
