Breaking News

Naira down at N362.42 /$ in I&E window

Kindly Share This Story:

By Elizabeth Adegbesan

The Naira yesterday depreciated to N362.42 per dollar in the Investors and Exporters (I&E) window due to an 11 percent decline in the volume of dollars traded.


Naira loses marginally against dollar, now N361 to $1

Data from FMDQ showed that the indicative exchange rate for the window rose to N362.42 per dollar yesterday from N362.39 per dollar on Monday, translating to three kobo depreciation of the naira.

The volume of dollars traded in the window dropped by 11 percent to $334.34 million from $375.36 million traded on Monday.

However, the naira, yesterday, stood at N361 per dollar in the parallel market.


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!