Naira static at N1,339.33 against dollar at official market

The naira on Tuesday traded at the same rate of N1,339.33 to a dollar at the official market.

Data from the official trading platform of the FMDQ Exchange, which oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the naira remained static.

This indicated that the local currency neither gained nor lost, exchanging at the same rate of N1,339.33 to the dollar on Monday and Tuesday.

However, the volume of currency traded increased to $328.32 million on Tuesday, up from $180.80 million recorded on Monday.

Meanwhile, at the Investor’s and Exporter’s (I&E) window, the naira traded between N1,506.00 and N1,150.00 against the dollar.

(NAN)