BREAKING NEWS

Naira appreciates to N358 per Dollar in parallel market

10:32 AM

The Naira yesterday appreciated to 361.72 per dollar in the Investors and Exporters (I&E) window.

Data from FMDQ showed that the indicative exchange rate for the window dropped to N361.72 per dollar yesterday from N362.58 per dollar on Tuesday translating to 86 kobo appreciation of the naira in a reports gathered by VoiceAirMedia.

The appreciation was in spite 21 percent decline in volume of dollars traded which fell to $348.48 million yesterday from $441.38 million on Tuesday.

The naira however remained stable at N358 per dollar in the parallel market.

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