Breaking News

Naira up at N359/$ in parallel market

Kindly Share This Story:

The naira yesterday appreciated to N359.5 per dollar in the parallel market.

According to, the live exchange rate platform of the Association of Bureaux De Change Operators (ABCON), the parallel market exchange dropped to N359 per dollar from N359.5 on Wednesday, translating to 50 kobo appreciation of the naira.


On the other hand, the naira yesterday depreciated by12 kobo in the Investors and Exporters (I&E) window.

Data from FMDQ showed that the indicative exchange rate for the window rose to N360.80 per dollar from N360.68 per dollar on Wednesday, translating to 12 kobo depreciation of the naira.

The volume of dollars traded on the window rose by  74 percent to $ 202.75 million from $116.29 million traded on Wednesday.

Naira appreciates to N360.99/$ in I&E window

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!