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Author Topic: Naira Finally appreciates to N359.38/$1  (Read 891 times)

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Offline mastercode

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Naira Finally appreciates to N359.38/$1
« on: January 10, 2018, 05:55:10 AM »

The naira Tuesday recorded its biggest daily appreciation of N1.76 in the Investors and Exporters (I&E) window.

 Data from the Financial Market Dealers Quote (FMDQ) revealed that the indicative exchange rate for the window dropped to N359.38 per dollar yesterday from N361.14 per dollar on Monday.

The appreciation was driven by 304 per cent increase in dollars traded in the window which rose to $340.63 million yesterday from $84.28 million on Monday. Data from FMDQ also showed that the I&E recorded $26 billion turnover in 2017.



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