Naira appreciates marginally 0.01% at I&E forex window

The Naira appreciated marginally against the Dollar at the Investors and Exporters (I&E) FX window on Wednesday.

The local currency opened at N360.54, traded high at N361.50 and eventually closed at N360.75, representing a 0.01 per cent appreciation as against the previous day’s closing position.

A total of $254.91 million was transacted through the I&E window.

At the interbank, the Naira/USD rate remained stable at N306.90/$ (spot) and N357.53/$ (SMIS).

And at the parallel market, the cash and transfer rates closed unchanged at N359.20/$ and N362.50/$ respectively.