The Naira exchange rate appreciated 0.02 per cent to close at N306.95/$1, while the SMIS rate remained stable at
N358.04/$ at the official foreign exchange window on the first trading day in September.
The local currency at I&E FX window opened at N362.88, traded high at N364.20 and eventually closed at N362.73 on Monday, representing a 0.06 per cent appreciation against last Friday’s position.
Investors traded a total of $186.91 million was transacted through the I&E window today.
At the parallel market, the cash and transfer rates appreciated to N357.70/$ and N362.50/$ respectively.