Naira gained marginally against the dollar on Wednesday, 10th January 2024 at the official market to remain above the N1,000/$ threshold.
The domestic currency appreciated by 0.66% to close at N1082.32 to a dollar at the close of business, data from the NAFEM where forex is officially traded, showed.
This represents an N7.19 gain or a 0.66% increase in the local currency compared to the N1089.51 close the previous day.
The intraday high recorded was N1270.65/$1, while the intraday low was N700/$1, representing a wide spread of N570/$1.
According to data obtained from the official NAFEM window, forex turnover at the close of the trading was $242.60 million, representing a 148.95% increase compared to the previous day.
Similarly, the naira gained marginally at the parallel forex market where forex is sold unofficially, the exchange rate quoted at N1240/$1, representing a 0.40% increase over what it closed the previous day, while peer-to-peer traders quoted around N1252.60/$1.
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