Forex Alert: Naira appreciates by N1.1 kobo to N408.90/$ in I &E Window

Naira appreciated today by N1.10 kobo to N408.90/$ from N410/$ on Friday at the Investors and Exporter (I&E) window.

This follows a -20.68% fall in the volume of dollars traded (turnover) in the I & E window to $50.67 million today from $63.88 million on Friday.

But, the currency stabilizes today for the fourth time consecutively, since last week at N481/$ in parallel market.

Read Also: Forex Alert: Naira depreciates by N1 to N410/$ in I &E Window