News

November 6, 2017

Naira appreciates to N360.05/$ in NAFEX

Cost of funds fall as interbank liquidity rises 42%

liquidity

By Adaeze Okechukwu
The naira, yesterday, appreciated to N360.05 per dollar in the Investor and Exporter (I&E) Foreign Exchange Window.

liquidity

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, decreased  to N360.05 per dollar, yesterday, from Friday’s market rate which closed at N360.57 per dollar, indicating a 52 kobo appreciation of the Naira.

Meanwhile, the volume of dollars traded in the window, yesterday, increased by about $19 million to $149.90 million.

 

 

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