The naira, Tuesday, appreciated to N360.31 per dollar in the Investor and Exporter (I&E) Foreign Exchange Window.
Data from the Financial Market Dealers Quote, FMDQ, showed that the indicative exchange rate for the I & E Window, known as Nigerian Autonomous Foreign Exchange, NAFEX, dropped to 360.31 per dollar, Tuesday, from Monday’s closing market rate which stood at N360.50 per dollar.
This translated to a 19 kobo appreciation of the Naira. Meanwhile, the volume of dollars traded in the window remained unchanged at $86.69 million.
The naira, however, in the parallel market, yesterday, remained unchanged at N363.00 per dollar for the fourth consecutive business day since Thursday last week. Click to signup for FREE news updates, latest information and hottest gists everyday
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