Home | Articles | Naira Down To 360.75/$ At NAFEX
Labour Rejects Zuma’s Statue In Owerri, Demands Its Pull Down
OMG! 17 Year Old Girl Stabs Her Boyfriend To Death In Lagos Just 2 Days After Her Birthday

Naira Down To 360.75/$ At NAFEX





Facebooktwittergoogle_pluspinterestlinkedinmail

The Naira, yesterday, depreciated to N360.52 per dollar in the Investors and Exporters (I&E) Foreign Exchange, forex 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 N 360.75 per dollar, yesterday, from Friday’s rate which stood at N360.21 per dollar. This indicates a 54 kobo depreciation of the Naira.

Meanwhile, the volume of dollars traded in the I & E forex Window yesterday stood at $268. 18 million. Meanwhile, in the parallel market the naira rose to N364 per dollar from N363 per dollar exchanged last week Friday.

Meanwhile, the Central Bank of Nigeria (CBN), yesterday continued to maintain liquidity in the Forex market by injecting $195 million in the the Nigerian inter-bank foreign exchange market.

Facebooktwittergoogle_pluspinterestlinkedinmail

CLICK HERE TO READ MORE FROM: Articles Visit website

  Article "tagged" as:
No tags for this article
view more articles

About Article Author

Latest Nigeria News