Naira depreciates to N360.40/$ in IE

Naira depreciates to N360.40/$ inwards I&E – The naira Th depreciated to N360.4 per dollar inwards the Investors together with Exporters (I&E) window of the unusual telephone substitution market.

Data from the Financial Market Dealers Quote (FMDQ) showed that the indicative telephone substitution charge per unit of measurement for the window rose to N360.40 per dollar,Thursday, from N360.21 per dollar on Tuesday, indicating a nineteen kobo appreciation of naira.

Meanwhile, the book of dollars traded inwards the window rose yesteryear 2.3 per to $170.46Thursday from $166.58 1000000 on Tuesday.

The naira too appreciated yesteryear N1 inwards the parallel marketplace every bit the parallel marketplace telephone substitution charge per unit of measurement dropped to N363 per dollar Th from N364 per dollar on Wednesday.