The naira appreciated marginally at the parallel market on Friday, March 26, as it closed at N485/$1.
This was a N1 gain when compared with the N486/$1 recorded in the previous trading day.
However, the exchange rate between the naira and the US Dollar closed at N410/$1 at the Investors and Exporters window.
Naira depreciated against the US Dollar on Friday, 26 March, 2021 for the second consecutive day at the NAFEX window to close at N410 to a dollar.
This represents a 0.06% drop, when compared to N409.75/$1 recorded on Thursday, March 25, 2021.
This is as Nigeria’s external reserve continued its rebound gaining 0.09% to close at $34.65 billion as of Thursday, March 25, 2021.
At the official NAFEX window, Naira depreciated against the US Dollar at the Investors and Exporters window on Friday to close at N410/$1.
This represents a 25 kobo drop when compared to N409.75/$1 recorded on Thursday.
The opening rate closed at N409.17 to a dollar on Friday, which represents a 4 kobo gain when compared to N409.21/$1 recorded on Thursday.
Also, an exchange rate of N414 to a dollar was the highest rate recorded during intra-day trading before it closed at N410/$1. It also sold for as low as N394/$1 during intra-day trading.
Forex turnover at the Investor and Exporters (I&E) window dropped by 57.9% on Friday, March 26, 2021.
