The Naira, on Wednesday, appreciated for the second consecutive day to close at N366 per dollar in the parallel market. It had initially exchanged for 368 on Tuesday. The improvement represents a N2 appreciation of the local currency.
The naira also appreciated by 67 kobo in the Investors and Exporters’ window yesterday as the indicative exchange rate dropped to N359 per dollar from N359.67 on Tuesday. Also the volume of dollars traded in the I&E rose by 13 per cent to $83.76 million from $73.87 million on Tuesday.