The naira gained significantly against the U.S. dollar at the I&E window of the foreign exchange market on Friday, data posted on the FMDQ Security Exchange window where forex is officially traded showed.
The domestic unit closed at N410.00 at the trading session of the NAFEX window on Friday.
This happened as foreign exchange supply plummeted significantly.
According to data reviewed, the currency’s performance represents a N1.00 or 0.24 per cent appreciation from N411.00 the rate it traded in the previous session on Thursday.
This occurred as the…
