Breaking News

Naira depreciates to N363.04/$ in I&E window

By Elizabeth Adegbesan
The Naira, yesterday, depreciated to N363.04 per dollar in the Investors and Exporters (I&E) window even as the volume of dollars traded increased marginally to $408.08 million.

Data from FMDQ showed that the indicative exchange rate for the window rose to N363.04 per dollar yesterday from N362.11 per dollar on Tuesday, indicating 93 kobo depreciation of the naira.

The volume of dollars traded on the window yesterday rose by 123 percent to $408.08 from $183.11 million traded on Tuesday. However, the Naira yesterday remained stable at N359 per dollar in the parallel market.

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.