SAN FRANCISCO, December 25, (THEWILL) – The Naira strengthened by 2.11% to exchange N465 against the Dollar at the parallel forex market on Christmas eve, compared with N475/$ it traded the previous day.
The local currency also appreciated marginally at the Investor and Exporters (I&E) to N392/$ from N392.15/$ on Wednesday.
The market turnover at the I&E forex window dipped by 16% to $98.47 million from $117.23 million on Wednesday as the country continues to struggle with the illiquidity of Dollars.
At the official market, the Naira was stable at N379/$.
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