Naira gains 0.20% to $/N361.68 at Investors’ Forex Window

The Naira appreciated 0.20 per cent at the Investors and Exporters (I&E) FX window on Wednesday.

It opened at N361.82, traded high at N362.99 and eventually closed at N361.68 representing 0.20 per cent gain against yesterday’s closing position.

A total of $79.32 million was transacted through the I&E window as market turnover increased by 55 per cent to $123 million.
At the interbank, the Naira/USD rate remained stable at N306.85/$ (spot) and N357.68/$ (SMIS).

And at the parallel market, the cash and transfer rates remained stable at N357.50/$ and N362.00/$ respectively.