Breaking News

Naira appreciates to N360.5 in parallel market

The Naira yesterday appreciated to N360.5 per dollar in the parallel market.
According to, the live exchange rate platform of the Association of Bureaux De Change Operators of Nigeria (ABCON), the parallel market exchange dropped to N360.5 per dollar from N361.5 per dollar on Tuesday, indicating one naira appreciation of the naira.

Similarly, the naira, yesterday, appreciated slightly by two kobo in the Investors and Exporters (I&E) window even as the volume of dollars traded rose by 161 percent.

NSE All-Share Index up 0.45% despite technical obstructions

Data from FMDQ showed that the indicative exchange rate for the window dropped to N363.32 per dollar yesterday from N363.34 per dollar on Tuesday, translating to two kobo appreciation of the naira.

The volume of dollars (turnover) traded yesterday rose by 161 percent to $160.08 million from $61.23 million traded on Tuesday.

Naira down to N366 /$ in I&E window

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.