Nigeria, Jan. 29 -- Naira strengthened against the U.S dollar at the Investors & Exporters (I&E) window of the foreign exchange market on Friday, data posted on the FMDQ Security Exchange webpage where currencies are officially traded showed.

Naira closed at N394.13 at the Friday trading session, representing N0.2 or 0.05 per cent gain from N394.33, the rate at which it closed at the previous session.

The appreciation happened as turnover rose by 35.09per cent, with $24.39 million recorded as against the $37.58 million posted on Thursday.

On the spot market (I&E window) naira witnessed an intraday high of N390.00 and a low of N415.95 before closing at N394.13.

However, data posted on, which collates parallel market rates i...