Breaking News
Translate

Naira down to N362.03/$ in I&E window

By Elizabeth Adegbesan

The Naira yesterday depreciated to N362.03 per dollar in the Investors and Exporters (I&E) window.

Naira
Naira

Data from FMDQ showed that the indicative exchange rate for the window rose to N362.03 per dollar from N361.87 per dollar on Tuesday translating to 16 kobo depreciation of the naira.

Despite the depreciation, the volume of dollars traded rose by 70 percent. The volume increased to $224.84 million from $131.99 million on Tuesday.

However, the naira, yesterday, remained stable at N358 per dollar in the parallel market.

 


Disclaimer

Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.