The value of the naira has appreciated again against the United States dollar in the official foreign exchange market. According to data from FMDQ securities, the naira exchange rate against the dollar closed at N1,541.52/$.
The latest exchange rate is N2.70 or 0.16% depreciation compared with Wednesday’s closing rate of N1,544.02/$1.
The good performance of the naira for the second straight trading day happened as forex supply increased on Friday by 117.8% or $103.06 million to $190.57 million from the $87.51 million recorded a day earlier.
(legit)