The Naira on Friday strengthened at the official market, trading at N1,251.05 to a 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 N4.02.
This represents a 0.32 percent gain when compared to the previous day’s trading on Thursday, exchanging at N1,255.07 to a dollar.
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However, the total daily turnover increased to $248.27 million on Friday up from $138.99 million recorded on Thursday.
Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,281 and N1,220 against the dollar.
FMDQ Securities Exchange Limited, registered by the Securities and Exchange Commission (SEC), as an over-the-counter Market (2012) and subsequently as a Securities Exchange (2019), is focused on organizing the markets within its purview and creating an efficient platform for the registration, listing, quotation, trading and reporting of securities and financial products.
FMDQ Exchange provides a range of business services in fulfilment of its market development, organizer and governance mandates, whilst adding value to its diverse stakeholder groups.
These services include Registrations, Listings & Quotations, Data & Information, Market Connectivity, Market Governance & Regulation, amongst many others.
With an average annual market turnover of over $529.30 billion over the last ten (10) years, FMDQ Exchange is the largest Exchange in Nigeria.
The Exchange has championed the introduction of several innovative market development initiatives, driven by its strategic mandate, to transform the Nigerian financial markets.
With additional reports by NAN
