Naira appreciates to N386.94 /$ in I&E window

By Christian Joseph Wariaye   2 weeks ago   203
Business - Top Stories

The Naira, yesterday, appreciated to N386.94  per dollar   in the Investors and Exporters (I&E) window. Data from FMDQ showed that the indicative exchange rate for the window dropped to N386.94   per dollar yesterday from N387.25 per dollar last week on Friday , translating to 31 kobo   appreciation of the naira.

However, the volume of dollars (turnover) traded in the window yesterday dropped  by 86 percent to  $9.98  million from  $70.40  million last week Friday.Meanwhile, the naira  yesterday depreciated by four naira in the parallel market.

According to  naijabdcs.com, the live exchange rate platform of the Association of Bureaux De Change Operators of Nigeria (ABCON), the parallel market exchange rate rose   to N444   per dollar from N440 per dollar last week Friday, indicating N4   depreciation of the naira.

[NewsNaira]



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Mbanugo Victor
2 weeks ago

Wow, this is really something, where are we heading¿¿


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Very challenge


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Chukwu Dera
2 weeks ago

Congrats toooo


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Dotun George
2 weeks ago

This is one of the numerous results of the Covid-19 pandemic


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Idowu Dauda
2 weeks ago

Is this an appreciation


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That is what we really want


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Muhammad Aminu
2 weeks ago
GafshajsdggGafshajsdgggh
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Hmmmmmmm hu 


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Naira is nothing compared with the dollar. 


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Ibekwe Franklin
2 weeks ago

Appreciation in this context should have a punctuation mark 


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Michael Owolabi
2 weeks ago

Dollar should please reduce


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Sharon Chuks
2 weeks ago

Dollar should reduce oo


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Clemente David
2 weeks ago

High for me abeg


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Batram Ishaku
2 weeks ago

Do you are you are you are you are you are you are you are you are you are


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Chukwu Dera
2 weeks ago

That's what they should do


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Okoye Chidimma J
2 weeks ago

Still not good


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Still not commensurate


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Kelechi Anyaegbu
2 weeks ago

Good news tho


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Stephen Bernice
2 weeks ago

Up and down movement


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It is still high now


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