Naira begins year with marginal gains against dollar

Nigeria’s Foreign Exchange (FX) market resumed for the new year on Tuesday, with Naira gaining against the dollar at official and parallel markets.

At the Investors and Exporters (I&E) forex window, Nigeria’s official FX window, the Naira gained 0.11 percent as the dollar was quoted at N461.00/$ on Tuesday compared to N461.50/$ quoted on Friday, the last trading day for 2022.