Breaking News
Translate

Naira depreciates to N360.36/$ in I&E window

In spite of the 407 per cent rise in the volume of dollars traded, the Naira, yesterday, depreciated to N360.36 per dollar in the Investors and Exporters (I&E) window.

Data from FMDQ showed that the indicative exchange rate for the window rose to N360.29 per dollar from N360.44 per dollar on Wednesday translating to seven kobo depreciation of the naira.

Naira
Naira

The volume of dollars traded on the window rose by 407 percent to $308.66 million from $60.94 million traded on Wednesday.
However, the naira yesterday was stable at N358 per dollar in the parallel market.

Naira down at N362.42 /$ 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.

Disclaimer

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