Naira Appreciates To N361.96/$ In I&E Window

Naira and Dollar Notes


The Naira opened the week on a positive note, gaining appreciated to N361.96 in the Investors and Exporters (I&E) window.

Data from FMDQ showed that the indicative exchange rate for the window dropped marginally to N361.96 per dollar on Monday from N362.67 per dollar last week Friday, indicating 71 kobo appreciation of the naira.

The volume of dollars traded in the window however dropped by 63 percent to $138.53 million from $372.67 million traded last week Friday. However, the naira yesterday was stable at N358.3 per dollar in the parallel market.