Naira appreciates to N360.30/$ in I&E

By Elizabeth Adegbesan The naira yesterday appreciated to N360.30 per dollar in the Investors and Exporters (I&E) window. Naira Data from F

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By Elizabeth Adegbesan
The naira yesterday appreciated to N360.30 per dollar in the Investors and Exporters (I&E) window.

Naira

Data from FMDQ showed that the indicative exchange rate for the window dropped to N360.30 per dollar from N360.55 per dollar on Wednesday, translating to 25 kobo appreciation for the naira.

The volume of dollars (turnover) traded yesterday rose by 28 percent to $ 119.00 million from $165.84 million sold on Wednesday.

The naira, however, dropped by 50 kobo in the parallel market.

According to naijabdcs.com, the live exchange rate platform of the Association of Bureaux De Change Operators (ABCON), the parallel market exchange dropped to N358.8 per dollar from N359 on Wednesday, translating to 20 kobo appreciation of the naira.

I&E window records $1.26bn turnover, Naira up to N361.18/$

Source

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