Naira appreciates to ₦363.07/$ in I&E window

The Naira, yesterday, appreciated to ₦363.07 per dollar in the Investors and Exporters (I&E) window even as the volume of dollars traded dropped by 62 percent.

Data from FMDQ showed that the indicative exchange rate for the window dropped to ₦363.07 per dollar yesterday from N363.11 per dollar on Monday, indicating four kobo appreciation of the naira.

The volume of dollars traded on the window yesterday declined by 62 percent to $220.61 million from $586.83 million on Monday.

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