The naira, Wednesday,  appreciated to N360.7 per The naira yesterday appreciated to N360.7 per  dollar in the Investors and Exporters (I&E) window, in spite 36 percent decline in volume of dollars traded.

HE business of exchanging Naira mint during the Christmas and New Year celebrations had been on over the years, especially in Anambra State where people usually show off with such mints by spraying the celebrants at ceremonies. In the past, commercial banks used to supply such mints to their customers during this time of the year, but somehow, the mints disappeared from the banks.

The naira Wednesday suffered yet another biggest daily depreciation in the Investors and Exporters (I&E) Window as it depreciated by 66 kobo to N361.91 per dollar, triggered by an 86 percent decrease in dollar supply.

The naira Monday appreciated by two kobo to N360.94 per dollar in the Investor and Exporter (I&E) window, while the volume of dollars traded rose slightly to $113.58 million. 

The naira, Thursday, depreciated to N364 per dollar in the parallel market, thus ending its eight day stability against the United States currency in the market.