Business

January 24, 2018

Naira stables at N360.25/$ in I&E

Naira stables at N360.25/$ in I&E

By Adaeze Okechukwu
T
he naira Wednesday stabilized at N360.25 per dollar in the Investors’ and Exporters’ (I&E) window.  Data from the Financial Market Dealers Quote (FMDQ) showed that the indicative exchange rate for the window, known as Nigerian Autonomous Foreign Exchange, NAFEX, remained unchanged at N360.25 per dollar,.

Meanwhile the volume of dollars traded fell by 43 percent   yesterday to $306.70 from $263.59 million on Tuesday.

The naira however appreciated by N1 to N364 per dollar in the parallel market.