The naira appreciated by approximately 2% against the dollar between August 24 and September 4, closing at N1,322.50/$ on September 4 compared to N1,349.99/$ on August 24. During this period, the Nigerian Foreign Exchange Market (NFEM) recorded a total turnover of $2.63 billion over five trading sessions, with average daily turnover of $526.30 million. The appreciation reflects continued stability in the official market, supported by substantial trading activity.
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