The naira appreciated against the US Dollar on Wednesday, 31st March 2021, at the NAFEX window to close at N408.67 to a dollar.
Naira appreciated against the US Dollar on Monday to close at N409.2 to a dollar as Nigeria's external reserve loses an additional $36.65 million.
Naira lost 20 kobo against the US Dollar on Wednesday to close at N408.8/$1 at the NAFEX window, while oil price hit $67 per barrel
Naira appreciated against the US Dollar at the Investors and Exporters window on Tuesday.
Brent crude futures closed at $62.43 after rising to an intra-daily session high of $62.83, the highest price level since Jan. 22, 2020
Brent crude prices dropped over 1% trading at $40.68/barrel, while West Texas Intermediate also dropped over 1% to trade at $38.63.
Brent crude is the leading global benchmark for Atlantic basin crude oils.
Bonny light closed at $43.17 after losing about 1.57% at the last oil trading session.
Bonny light crude reached a four-month high, since early March 9, where its price fell to $37.22.
"This reduction in production provided excellent optics encouraging other OPEC + members to comply and even offer additional voluntary cuts, which should quicken the global oil...