The Naira on Monday appreciated on all segments of the foreign exchange market, gaining three points to exchange at N460 to the US Dollar, while the Pound Sterling and the Euro closed at N550 and 476, respectively.
At the Bureau De Change window, the Naira was sold at N399 to a dollar, CBN controlled rate, while the Pound Sterling and the Euro traded at N547 and N482, respectively.
Trading on the floor of the interbank market saw the Naira closed at N306 to a dollar.
Traders at the market expressed delight at the interventions the CBN had made so far in boosting liquidity, adding that its sustenance would turn the economy around in the short to medium term.
You will recall that the CBN has intervened at the forex market with an excess of 1.4 billion dollars in boosting liquidity at the market.
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