On Friday, the Naira appreciated slightly against the Dollar, trading at ₦1431.49/$1.
According to Data released by the official trading platform of the FMDQ, the Naira strengthened by ₦21.79 or 1.5 per cent, compared to Thursday’s rate of ₦1,453.28 against the dollar.
The total turnover, however, decreased to $199.71 million on Friday, down from $288.47 million recorded by the close of trading on Thursday.
It was more good news at the Investor’s and Exporters (I&E) window as the Naira traded between ₦1,468 and ₦1,301 against the dollar.
“The recent overhaul and increased intervention in the FX market have bolstered confidence and facilitated Foreign Portfolio Investors (FPIs) inflows into the forex market,” according to Cordros Securities.
