Nigerian currency increased in value to the US dollar across all foreign exchange market on Tuesday.
Data from FMDQ securities showed Naira at the Investors and Exporters (I&E) segment of the market strengthened against the US Dollar to N420.27/$1 on Tuesday.
This was a N1.06 or 0.25 per cent increase when compared to N421.33/$1 it was traded on Monday.
A total of $108.06 million compared to the preceding session’s $46.07 million, representing a jump by 134.6 per cent or $61.99 million was traded.
It was a similar scenario at the Peer-to-Peer (P2P) window of the foreign exchange market on Tuesday, June 21.
Nigerian currency rose by N3 or 0.49 per cent against the United States Dollar to exchange at N615/$1 compared with the previous day’s N618/$1.
The Naira also gained against the British Pound Sterling at the interbank session yesterday by 21 kobo to sell for N509.92/£1 in contrast to the previous day’s N510.13/£1 and