Naira gains as dollar supply surges by 147.66%

The Nigerian naira saw a slight recovery on Thursday as dollar supply in the official market surged significantly. According to data from the FMDQ, based on daily trades on the Nigerian Autonomous Foreign Exchange Market, the naira appreciated by 0.60 per cent, closing at N1,659.26 per US dollar, compared to N1,669.15 on October 2, 2024.

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