Naira Stable At N358/$ In Parallel Market

 Naira Stable At N358/$ In Parallel Market

However, the naira depreciated by 41kobo in the Investors and Exporters (I&E) window. Data from FMDQ showed that the indicative exchange rate for the window rose to N361.95 per dollar from N361.54 per dollar last week Friday translating to 41 kobo depreciation of the naira. The depreciation was due to a 65 percent decline in volume of

dollars traded which fell to $113.86 million from $328.4 million last week Friday.

Ayomide Oyewole

Leave a Reply

Your email address will not be published.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

This site uses Akismet to reduce spam. Learn how your comment data is processed.