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Naira depreciates to N360.33/$ in NAFEX

By Peter Egwuatu
The naira, yesterday, appreciated to N360.33 per dollar in the Investor and Exporter (I&E) Foreign Exchange (FX) Window.

Data from the Financial Market Dealers Quote, FMDQ, showed that the indicative exchange rate for the I & E (FX) Window, known as Nigerian Autonomous Foreign Exchange, NAFEX, rose to N360.33 per dollar, yesterday, from Wednesday closing market rate which stood at N360.46 per dollar. This translated to 13 kobo appreciation of the naira.

Meanwhile, the naira, in the parallel market, yesterday, remained unchanged at N363 per dollar from what was exchanged on Wednesday.



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