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Naira rises to 360.42/$ at NAFEX

By Adaeze Okechukwu

The naira, Tuesday, appreciated to N360.42 per dollar in the Investors and Exporters (I&E) Foreign Exchange Window for the first time this week.

Data from the Financial Market Dealers Quote, FMDQ, showed that the indicative exchange rate for the I & E Window, known as Nigerian Autonomous Foreign Exchange, NAFEX, declined to 360.42 per dollar, yesterday, from Monday’s closing rate which stood at N360.52 per dollar, thus, translating to a 10 kobo appreciation of the Naira.

Meanwhile, the volume of dollars traded in the window, also, remained unchanged at $268.18 million, even as naira in the parallel market also stabilised at N364 per dollar for the second consecutive day this week.


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