Naira strengthens against dollar at I&E window

The Nigerian currency appreciated against the United States dollar at the Investors’ and Exporters’ window by 0.50 per cent to close at N408.90/$1 on Monday.

During the day’s trading, the naira was high at N412.00/$1 and low at N390.00/$1, with a recorded daily turnover of $50.67m.

At the parallel or black market, the naira traded flat at N485.00/$1 to start the week, maintaining the figure it closed at in the second week of March.

However, as at March 15, 2021, the Central Bank of Nigeria official exchange rate stood at N379/$1.

Ehime Alex
Ehime Alex
Ehime Alex reports the Capital Market, Energy, and ICT. He is a skilled webmaster and digital media enthusiast.

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