Nigerian currency on Tuesday recorded an increase in value against foreign currencies at two official windows on resumption of trading after the democracy day holiday.
Data obtained from FMDQ securities where Naira is officially traded showed that the currency at the Investors and Exporters (I&E) window of the foreign exchange market closed at N420.75 to a dollar.
This indicates a N0.5 or 0.11 per cent appreciation when compared to N421.25 it exchanged on Friday, June 10.
Read also: Naira appreciates across markets
The good performance of Naira happened as transactions worth $115.18 million were carried out during the session compared with the $105.11 million achieved in the preceding day.
Also at the interbank window, data obtained from the CBN website showed that the Nigerian currency appreciated against the British Pound Sterling to trade at N502.43/£ compared to N521.49/£ on Friday last week.
It was also the same outcome for Naira against the Euro as it closed Tuesday at N434.59/€1 compared to the N446.39/€1 it exchanged last week.
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
FEATURE: Ogun residents, waste collectors trade blames, as refuse litter environment
TIJANI ABDULKABEER, a journalist from the University of Ibadan, during a recent trip to Sango Otta, Ogun State took a look...
INVESTIGATION: How online fraudsters siphon victims’ funds through ‘SportyBet’ platform
As Nigeria transits into a cashless society, the evolution also creates opportunities for internet scammers to take advantage of unsuspecting...
SPECIAL REPORT: Enugu govt watches as waste takes over state, threatens public health, environment
In this report, Arinze Chijioke looks at how delays in evacuation of waste in Enugu State encourages indiscriminate waste disposal, its health implications, and how...
SPECIAL REPORT: Illegal miners degrade Ekiti community, engage in child labour
The activities of illegal miners in a community in Ekiti State have caused degradation of the environment, as miners engage...
SPECIAL REPORT: Inside the illegal trading of forest woods in Cross River community
“With a N20,000 bribe, an external buyer can influence the youth in host communities , Cross River State, to cut...