Nigerian currency recorded an upward movement against the US dollar at the official and unofficial foreign exchange markets during the weekend.
In the Investors and Exporters (I&E) segment, the Naira recorded a 50 Kobo or 0.11 percent upward movement against the US Dollar to trade at N461.50/$1 compared with the preceding day’s N462.00/$1.
The day’s trading data showed that the value of forex transactions during the official market slightly increased by 3.54 percent or $4.08 million to $119.43 million from the $115.35 million recorded a day before.
Similarly, the Naira appreciated by N2 on the United States Dollar at the Peer-2-Peer (P2P) foreign exchange (FX) window, closing at N760/$1 on Friday, February 3, compared with the previous day’s N762/$1
