Naira appreciates 0.44% to N448/$ at parallel forex market

The naira strengthened by 0.44 per cent against the dollar to N448 at the parallel foreign exchange window on Tuesday.

At the Investors and Exporters (I&E) forex window, the local currency also appreciated 0.06 per cent, having N385.95, traded high at N389.75 and eventually closed at N387.08.

A total of $14.66 million was transacted through the I&E window.

The Naira at the official window closed unchanged at 361.00/$1, against yesterday’s position.