The naira appreciated by 1.79 per cent against the United States dollar on the Investor & Exporter forex window on Tuesday, closing at N756.61/$.
On Monday, naira slumped to 770.38/$ at the close of trading on the Investor & Exporter window on Monday, from 686.96/$ at the close of trading on Friday.
As at Tuesday, the majority of traders in Lagos were quoting N745/$ as a buy offer and N755/$ as selling price, bringing the average rate to N750/$ – about 2.6 per cent behind the official market rate on the first trading day of the week.
Figures obtained from the FMDQ, the trading, which commenced at 701.75/$ on Tuesday reached a high of 781/$ before closing at 756.61/$.
(FMDQ) financial market infrastructure group warehousing, is a securities exchange and self- regulatory organisation licenced by the SEC to provide a platform for, inter alia, the listing, quotation, registration and trading of securities
