Naira firms at N1,320/$ as NFEM turnover plunges to five-month low

The Nigerian naira appreciated to 1,320 naira per US dollar on Monday, September 7, according to data from the Nigerian Foreign Exchange Market (NFEM). However, the total foreign exchange turnover in the market plummeted to 107.07 million dollars, marking a five-month low. This decline in turnover suggests reduced trading activity despite the currency's strengthening. The figures were reported by Nairametrics.

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