Naira makes significant gain against dollar

The naira on Friday experienced huge appreciation at the official market, trading at N1,142.38 to the dollar.

Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the naira gained N88.23.

This represents a 7.16 per cent gain compared to the previous trading date on Monday, April 8, exchanging at N1,230.61 to a dollar before the Eid-el-Fitr holiday.