As the Central Bank of Nigeria continued its sustenance of foreign exchange liquidity by injecting millions of dollars into the FOREX market, the nation's currency, Naira, appreciated on Monday.
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The Naira, on Monday, appreciated by 20 kobo to N360.20 per dollar in the Investor and Exporter (I&E) Foreign Exchange Window, even as the Central Bank of Nigeria (CBN) continued its sustenance of foreign exchange liquidity by injecting another $195 million into the inter-bank Foreign Exchange Market.
According to Vanguard, the indicative exchange rate for the I & E Window, known as Nigerian Autonomous Foreign Exchange (NAFEX), appreciated to N360.20 per dollar, yesterday, from Friday’s market rate which stood at N360.40 per dollar; while, the volume of dollars traded in the window, yesterday, was $266.41 million.
Meanwhile, figures released by the CBN showed that it offered the total sum of $100million to the Wholesale segment, while the Small and Medium Enterprises (SMEs) segment received the sum of $50 million. Similarly, the invisibles segment comprising tuition, medical payments and Basic Travel Allowance (BTA) received $45 million.
Here are the full table of the latest foreign exchange rate by Zenith Bank, powered by CBN;