Business
Naira gains 0.13% at Investors FX window
Investors exchanged a total of $441.38 million was in the I&E window.
At the Interbank, the CBN strengthened the spot rate by 0.02 per cent to N306.70/$, while the SMIS rate remained unchanged at N357.10/$ (SMIS).
While the cash and transfer rates at the parallel market remained unchanged at N357.80/$ and N364.50/$ respectively.
Overnight(O/N) rate closed at 21.83%, representing a 0.92 per cent appreciation against the previous day’s closing position, while Open Buy-Back (OBB) rate also closed at 20.67 per cent representing a 1.17 per cent appreciation against yesterday’s closing position.