today-is-a-good-day
4.3 C
New York
Thursday, March 28, 2024
HomeBankingNaira Appreciates To N360.31

Naira Appreciates To N360.31

The naira, yesterday, appreciated to N360.31 per dollar in the Investor and Exporter (I&E) window, while the volume of dollars traded dropped by 7 per cent.

Data from the Financial Market Dealers Quote (FMDQ) showed that indicative exchange rate for the I & E window, known as Nigerian Autonomous Foreign Exchange, NAFEX, rose to N360.31 per dollar, yesterday, from N360.93 per dollar on Wednesday, translating to a 62 kobo appreciation of the naira.

Meanwhile, the volume of dollars traded declined by 48 per cent to $171.01 million yesterday from $329.97 million traded on Wednesday.

Advertisements

Vanguard investigation however revealed that naira remained stable at N363 per dollar in the parallel market for the fourth consecutive day.

Advertisements

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisment -

Most Popular

Recent Comments

Onuegbu Chuks Theophilus on Mikel Obi quits Super Eagles
Thomas H. Anderson on Roman Goddess_3
Oladimeji Emmanuel on Obama sends investors to Buhari