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Naira appreciates to N362.19/$ AS BDCs unveil automation portal

The Naira, yesterday, appreciated to N362.19 per dollar in the Investors and Exporters (I&E) window buoyed by 96 per cent increase in volume of dollars traded in the window. Data from FMDQ showed that the indicative exchange rate for the window dropped for the second consecutive day this week to N362.19 per dollar, yesterday, from N362.58 per dollar on Monday translating to 39 kobo appreciation of the naira. The volume of dollars traded rose to $441.38 million, yesterday, from N225 million on Monday indicating 96 per cent increase.

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Naira

Naira appreciates to N358 in parallel market

The Naira, yesterday, appreciated to  N358 .5 per dollar in the parallel market. According to naijabdcs.com, the live exchange rate platform of the Association of Bureaux de change Operators of Nigeria (ABCON),  the parallel market exchange rate  fell to N358 per dollar yesterday  from N360 per dollar the previous week, indicating N2 appreciation for the naira.

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