Data showed the value of forex transactions in the official window increased to $97.67 million, in contrast to the $45.16 million recorded in the preceding trading day, indicating an increase of 116.3 percent or $52.51 million.
However, at the Peer-to-Peer (P2P) arm of the FX market, the domestic currency appreciated against its American par by N2 to trade at N762/$1, in contrast to Thursday’s value of N764/$1.
Also, in the parallel market, the local currency appreciated against the greenback yesterday by N2 to sell at N750/$1 versus the previous day’s exchange rate of N752/$1.
In the interbank window, the Nigerian currency closed flat against the Pound Sterling and the Euro during the session at N567.45/£1 and N500.73/€1, respectively.
News source: Eyewitnessngr
