Forex Alert: Naira Appreciates by 33 Kobo to N409.80/$ in I & E Window

The Naira appreciated today by 33 kobo to N409.80/$ from N410.13/$ yesterday at the Investors and Exporter (I&E) window.

This was due to a 27.9% increase in the volume of dollars traded (turnover) in the window to $33.11 million today from $25.88 million yesterday.

But, the currency was stable for the second consecutive day at the parallel market, where the exchange rate closed at N485/$.

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