The Naira continued a good run against the US dollar at the official market on Thursday.
According to data from FMDQ securities where Naira is officially traded, showed in the Investors and Exporters (I&E) wing of the market, the Naira appreciated against the dollar by 7 Kobo or 0.02 per cent to trade at N461.10/$1, in contrast to the previous day’s value of N461.17/$1.
This happened as the value of FX transactions dropped by 27.5 per cent or $15.28 million to $40.24 million from the $55.52 million recorded on Wednesday.
However, at the Peer-to-Peer (P2P) window of the market on Thursday, it dropped by N3 to settle at N763/$1 compared with the previous day’s N760/$1.
Also, in the parallel market, the domestic currency depreciated against its American counterpart by N2 to quote at N751/$1 versus Wednesday’s exchange rate of N749/$1.
In the interbank segment, the local currency fell by N2.37 against the Pound Sterling to settle at N560.24/£1 compared with the previous day’s N557.87/£1 and lost 76 Kobo against the Euro to trade at N496.12/€1 compared with the N495.36/€1 it closed at the midweek session.