Naira rallies at N360.35 per dollar

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364

By Mathew Onwuasoanya

THE naira yesterday stabilised at N360.25 per dollar in the Investors’ and Exporters (I&E) window.

A report on transactions from the Financial Market Dealers Quote (FMDQ) indicates that exchange rate at Nigerian Autonomous Foreign Exchange (NAFEX) hovered around N360.25 per dollar.

Meanwhile the volume of dollars traded dipped from $263.59 million to $306.70, representing a fall by 43 percent the previous day.

But naira waxed strong at the parallel market, appreciating by N1 to close at N364 per dollar unlike its outing at NAFEX where it exchanged at N360.33 per US$1.

Naira Vs Dollar
Naira symbol

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