RIPPLES
Nigeria’s currency, the Naira put on an impressive performance against the US dollar across the foreign exchange markets on Wednesday.
At the official market, FMDQ securities reports that the local currency appreciated against the greenback by 30 Kobo or 0.06 percent to sell at N461.70/$1 yesterday, in contrast to the N462.00/$1.
Forex transactions valued at $109.82 million were carried out during the session, $2.22 million or 1.9 per cent lower than the $112.04 million recorded in the preceding session.
Also, the Naira exchanged hands for N766/$1 at the P2P market during the session, in contrast to the preceding day’s value of N770/$1, indicating an improvement of N4.
