By Abdulrahman Abdullahi
Nigeria’s currency on Tuesday gained 0.34 per cent to close at N408.60k per dollar compared to N410.00k closed since two days at the Investors and Exporters (I&E) forex window, data from FMDQ on Tuesday showed.
The gain recorded by Naira in the I&E window, Ripples Nigeria gathered was due to improved liquidity in the market as foreign exchange market turnover rose significantly by 134.63 per cent to $123.37 million on Tuesday from $52.58 million recorded on Monday, February 22, 2021.
In the black market, however, Naira remained at N480 per dollar on Tuesday.