NAIRA APPRECIATES FURTHER TO N360.25/$

 In Investor News

The Naira, Wednesday, appreciated further marginally by 2 kobo to N360.25 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&Ealso known as Nigerian Autonomous Foreign Exchange, NAFEX, dropped further to N360.25 per Dollar, yesterday, from N360.28 per Dollar on Tuesday, indicating 3 kobo appreciation in the Naira.

However, the volume of Dollars traded in the window further declined by 60 percent to $128.06 Million yesterday from $322.83 Million on Tuesday.

Naira appreciates further to N360.25/$

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