The naira gained ground on Tuesday, November 19, appreciating by 0.67% against the dollar at the official market after a three-day losing streak. It traded at N1,678.93 per dollar, reflecting a recovery from Monday's rate of N1,690.37 per dollar, according to data from the FMDQ Exchange.
This improvement translates to a gain of N11.44, signaling a modest rebound for the Nigerian currency in the foreign exchange market. However, trading activity saw a decline, with daily turnover dropping to $128.59 million, compared to the $173.14 million recorded the previous day.
At the Investor and Exporter (I&E) window, the naira fluctuated within a range of N1,698 to N1,631 against the dollar, highlighting the ongoing volatility in the market.
