7 February 2019

Nigeria: Naira Appreciates to N358 in Parallel Market

The Naira yesterday appreciated to 361.72 per dollar in the Investors and Exporters (I&E) window.

Data from FMDQ showed that the indicative exchange rate for the window dropped to N361.72 per dollar yesterday from N362.58 per dollar on Tuesday translating to 86 kobo appreciation of the naira.

The appreciation was in spite 21 percent decline in volume of dollars traded which fell to $348.48 million yesterday from $441.38 million on Tuesday.

The naira however remained stable at N358 per dollar in the parallel market.

Nigeria

Abuja Airport - Operation Resumes in New Terminal After Fire Scare

The Federal Airports Authority of Nigeria (FAAN) has announced the resumption of flight operations at the new terminal… Read more »

See What Everyone is Watching

Copyright © 2019 Vanguard. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.