The foreign exchange market opened on Monday morning with an indicative rate of N386.25k per dollar at the Investors and Exporters (I&E) forex window.
This represents N1.00k gain for Naira when compared with N387.25k it opened with last week Friday at the I&E window, data from FMDQ revealed.
Foreign exchange daily turnover rose by 592.2 percent to $156.78 million on Friday from $22.65 million on Thursday.
Dollar is trading at N440 on the black market, indicating a N5 depreciation from N435 traded at the weekend. Against the rate exchanged on Friday last week, Naira gained N5 as the dollar was sold at N445.
