4 October 2017

Nigeria: Naira Appreciates to 360.07 in Nafex

THE naira, yesterday, appreciated to N359.76 per dollar in the Investor and Exporter (I&E) Foreign Exchange, FX Window.

Data from the Financial Market Dealers Quote, FMDQ, showed that the indicative exchange rate for the I & E FX Window, known as Nigerian Autonomous Foreign Exchange, NAFEX, dropped to N360.07 per dollar, yesterday, from Friday's closing market rate which stood at N360.08 per dollar. This represents a one kobo appreciation of the naira.

Similarly, the naira, in the parallel market, yesterday, appreciated to N364 per dollar from N365 per dollar traded on Friday.

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