The value of the naira against the US dollar appreciated on Monday as it closed at N410.33 at the Importers and Exporters window.
This represents a 0.16% appreciation compared to N411/$1 recorded on Friday.
The naira maintained stability at the parallel market, as it closed at N482/$1 on Monday.
Dollar supply at the NAFEX window increased from $61.52 million to stand at $69.71 million, representing an increase of 13.3%.
Notably, crude oil posted positive growth on Monday as Brent crude grew by 0.54%, and Bonny Light gained 0.37%.
At the NAFEX window, the naira gained against the US Dollar at the Investors and Exporters window on Monday to close at N410.33/$1.
This represents a 67 kobo gain when compared to N411/$1 recorded on Friday.
The opening indicative rate closed at N409 to a dollar on Monday. This represents a N1.13 kobo gain, compared to N410.13/$1 recorded the previous day.
Also, an exchange rate of N437.41 to a dollar was the highest rate recorded during intra-day trading before it closed at N410.33/$1.
It also sold for as low as N399/$1 during intra-day trading.
Forex turnover at the Investor and Exporters (I&E) window improved by 13.3% on Monday.
