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

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, 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.

Check Also

See Current Result As INEC Declares Adamawa Guber Poll Inconclusive

The Independent National Electoral Commission has declared the governorship election held last Saturday in Adamawa …

Governorship Election 2023: INEC Postpones Adamawa’s Result Collation

The Independent National Electoral Commission has postponed the collation of the Adamawa governorship election results …

Friendly: Hammola FC Tackle Laycon FC In Offa Tuesday

In preparation for the upcoming Nigeria Nationwide League One Season, Hammola International Football Club of …

Leave a Reply

Your email address will not be published. Required fields are marked *