The exchange rate between the naira and the US dollar closed at N416.07/$1 at the official Investors and Exporters (I&E) window.

Naira appreciated marginally against the US dollar on Thursday with a 0.04% gain to close at N416.07/$1 compared to N416.25/$1 recorded as of the close of trading activities on Wednesday, 2nd February 2022.

On the other hand, the exchange rate depreciated at the Peer-to-Peer (P2P) forex market, trading at a minimum of N572.8 to a dollar on Friday morning compared to N569.9/$1 recorded in the previous trading session.

Forex turnover at the official market surged by 59.4% to $162.7 million, which is the highest daily turnover at the official window in over 3 weeks.

– Nairametrics