Nigerian currency put up a good performance on Tuesday, strengthening against the US dollar, Euro and British Pounds at the Investors and Exporters (I&E) window of the FX market on Tuesday, IgbereTV reports
FMDQ data showed Naira increased its value against the US currency by 0.09 per cent or 38 kobo to sell at N416.62/$1 in contrast to N417.00/$1.
This happened as the market recorded a sufficient supply of forex to meet the demands of customers.
On Tuesday, banks, investors, and exporters transacted a total of $144.29 million.
Naira also recorded a good performance against the British Pound Sterling improving by 69 kobo to close at N541.56/£1 compared to the previously traded rate of N542.25/£1.
In the same vein, the Naira appreciated yesterday by N1.8 against the Euro to close at N451.86/€1 in contrast to the previous day’s value of N453.66/€1.
Meanwhile at the Black market traders sustained the Naira exchange rate at N586/$1
