Naira appreciates against dollar to begin November

The naira appreciated against the dollar at the official and parallel foreign exchange markets to begin November 2024 on a good note.

FMDQ data indicated that the naira strengthened to N1666.72 per dollar on Friday from N1675.49 traded on Thursday. This means that naira gained N8.77 against the dollar.

Similarly at the black market, the naira gained N15 to close at N1735 against the dollar on Friday compared to N1750 on Thursday.

DAILY POST reports that in the week under review, the naira recorded missed sentiments of gains and losses against the dollar at the FX market.

The naira recorded two gains on Tuesday and Friday, while it weakened in the remaining days of this week at the official FX market.