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/$.
On Monday, local currency slumped to 770.38/$ at the close of trading on the I&E window on Monday, from 686.96/$ at the close of trading on Friday.
The trading also recorded improved turnover of $134.47m on Tuesday from $78.03m at the close of trading on Monday. Before the announcement, the naira had closed at the I&E window at 471.67/$, while the parallel market recorded 740/$. He said sources of foreign exchange such as non-oil exports, remittances, and foreign direct investments needed to be expanded, in addition to taking maximum advantage of OPEC quota on crude oil exportation.
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