The naira, on Tuesday, appreciated by 0.67 percent to N763 to a dollar at the investors and exporters (I&E) window.
Figures from the FMDQ Securities Exchange, a platform that oversees foreign exchange trading in Nigeria, show that the greenback was quoted at the rate of N763 as against N768.17 quoted on Monday.The daily foreign exchange market turnover rose by 23.98 percent to $245.65 million from $198.13 million published in the previous market session on Monday.
Meanwhile, the greenback was sold at N760 at the parallel section of the market, Bureaux De Change operators in the Ikeja area of Lagos, told TheCable.for the revamping of monetary policy in his inaugural speech on May 29, Nigeria has shown seriousness in critically reforming the financial sector.the unification of all segments of the forex exchange market, signalling the floating of the naira.This was quickly accompanied by the removal of restrictions on inflows into domiciliary accounts.
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