At the official market on Thursday, the Naira’s strong performance versus the US dollar was continued.
The naira strengthened versus the dollar by 7 kobo, or 0.02 percent, to trade at N461.10/$1, down from N461.17/$1 the day before, according to data from FMDQ securities, where the naira is legally traded.
This occurred as the value of FX transactions decreased from the $55.52 million reported on Wednesday to $40.24 million by 27.5 percent, or $15.28 million.
However, yesterday at the Peer-to-Peer (P2P) window of the market, it decreased by N3 to settle at N763/$1 as opposed to N760/$1 the day before.
Additionally, on the parallel market, the local currency lost N2 against the US dollar, trading at N751/$1 as opposed to N749/$1 on Wednesday.
The local currency lost 76 Kobo versus the Euro, closing at N496.12/€1, down from the N495.36/€1 it closed during the midweek session. It also lost N2.37 against the pound sterling, falling to N560.24/£1 from N557.87/£1 the day before.
