Naira gains 1.16% against dollar at spot FX Market


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The Naira further appreciated by 1.16 percent against the dollar at the spot Fx market on Tuesday, August 16, to close at N313.65.
According to trading information from the Financial Market Dealers Quote, FMDQ, the naira N313.65 per dollar from Monday’s rate which stood at N317.34.
At the parallel market the US Dollar was bought from market operators at N390 and sold at N394 compared to previous day’s rates of N385 and N393 respectively.

 The Euros was bought at N423 and sold at N437 also in contrast to previous day’s rates of N420 and N423 while the Naira appreciated against the Pound Sterling having been bought at the rate of N495 and sold at N500 compared to Monday’s rates of N505 and N510.
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