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 appreciated against the US Dollar at the Investors and Exporters window on Tuesday.
Naira closed against the US Dollar at N410/$1 on Friday, 19th February 2021, indicating a drop of 0.54%
The low volatility in Brent crude was largely attributed to many oil traders staying on the sidelines.
Brent crude gained 0.30% to $43.69 as of 8: 20 AM GMT.
Brent crude still needs to deal with its oversupply issues before it can successfully move on with its current price range of $40 and $50 per barrel.
A monitored report suggests that Nigeria has reduced the official selling prices for its crude oil so as to clear an inventory of unsold April-loading cargoes.