Breaking News

Naira now N360.02/$ at NAFEX

Kindly Share This Story:

By Adaeze Okechukwu
THE Naira, Wednesday, appreciated by 35 kobo to N360.02 per dollar in the Investor and Exporter (I&E) window prompted by 10 percent increase in the amount of dollars traded in the window.

Datafrom the Financial Market Dealers Quote (FMDQ) showed that indicative exchange rate for the I & E window, known as Nigerian Autonomous Foreign Exchange, NAFEX, dropped to N360.02 per dollar, yesterday, from N360.37 per dollar on Tuesday.

FMDQ also reported that the amount of dollars traded rose by 10 percent to $218.66 million yesterday from $198.71 million on Tuesday.

Meanwhile, the Naira, stabilised at N364 per dollar for the sixth consecutive business day in the parallel market, yesterday.

Kindly Share This Story:
All rights reserved. This material and any other digital content on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from VANGUARD NEWS.


Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.
Do NOT follow this link or you will be banned from the site!