The naira and US dollar closed at N409.67 at the Investors and Exporters window.
The Naira soared against the US Dollar on Thursday, 18th March, to close at N409.67/$1.
This represents a 0.02% gain when compared with the N409.75/$1 that was recorded on Wednesday, 17th March 2021 despite oil prices recording the single biggest day loss in 11 months
Similarly, the Naira maintained stability against the US Dollar in the parallel market, to close at N485 to a dollar, the same as the rate that was recorded on the previous day.
At the NAFEX window, the Naira appreciated against the US Dollar at the Investors and Exporters window on Thursday to close at N409.67 to a dollar.
This meant an 8 kobo gain when compared to the N409.75/$1 that was recorded on Tuesday, March 17, 2021.
The opening indicative rate closed at N409.14 to a dollar on Thursday. This represents a 64 kobo gain when compared to N409.78/$1 recorded on Wednesday.
Also, an exchange rate of N412 to a dollar was the highest rate during intra-day trading before it closed at N409.67/$1. It also sold for as low as N400/$1 during intra-day trading.
Forex turnover at the Investor and Exporters (I&E) window dropped by 33.9% on Thursday, 18th March 2021.
