According to FMDQ Exchange data, Naira had a significant appreciation, trading at N1,142.38 to the dollar on Friday, marking a gain of N88.23 according to FMDQ Exchange data.
And this reflects a 7.16% increase from the previous trading session on April 8th.
Total daily turnover surged to $281.34 million from $125.55 million.
However, the Economic experts has attributed the steady Naira appreciation to President Bola Ahmed Tinubu’s administration’s fiscal and monetary policies, including 600 basis points interest rate increases by the CBN in February and March, which tackled dollar scarcity and reduced volatility.