Naira strengthened against the U.S. dollar at the I&E window of the foreign exchange market on Friday, as foreign exchange supply plummeted significantly.
Data posted on the FMDQ Security Exchange where forex is officially traded showed that the naira closed at N409.00 at the trading session of the NAFEX window.
The last time the currency touched N409.00 was on March 30.
Friday’s performance represents a 0.16 per cent appreciation from N409.65, the rate at which the naira closed on Thursday.
The domestic currency experienced an intraday high of N395.00…
