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

Date:

The Naira, yesterday, appreciated further by 15 kobo to N360.30 per dollar in the Investors and Exporters (I&E) window of the foreign exchange market. Data from the Financial Market Dealers Quote (FMDQ) showed that the indicative exchange rate for the I&E as known as Nigerian Autonomous Foreign Exchange, NAFEX, dropped to N360.30 per dollar, yesterday, from N360.45 per dollar on Monday, indicating a 15 kobo increase in the value of naira. Recall that Naira also appreciated by 12 kobo on Monday from $360.57 per dollar Friday last week. The strengthening of the Naira was in spite of the $2.29 million decline in the volume of dollars traded in window. The window recorded a turnover of $166.22 million yesterday, down from $168.51 million traded on Monday. Vanguard investigation revealed that naira remained stable at N362 yesterday in the parallel market.

Thank you for reading this post, don't forget to subscribe!
Naija247news
Naija247newshttps://www.naija247news.com/
Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

Share post:

Subscribe

Popular

More like this
Related

FG directs banks to deduct 0.375% stamp duty charges on all loans

March 28, 2024. Azonuchechi Chukwu. The Federal Government has directed commercial...

INEC disowns Anambra LP convention

28 Mar,2024 The Independent National Electoral Commission (INEC) has disowned...

NDPC investigating over 400 cases of privacy breaches Involving digital lenders

March 28, 2024. Azonuchechi Chukwu. The Nigeria Data Protection Commission (NDPC)...

LASG releases land use charge bill for 2024, offers 15% discount on early payments

March 28, 2024. Azonuchechi Chukwu. The Lagos State Ministry of Finance...
Social Media Auto Publish Powered By : XYZScripts.com

Discover more from Naija247news

Subscribe now to keep reading and get access to the full archive.

Continue reading