Naira depreciates to ₦366 per USD in I&E window

The Naira, yesterday, appreciated to ₦364.96 per dollar in the Investors and Exporters (I&E) window.

Data from FMDQ showed that the indicative exchange rate for the window dropped to ₦364.96 per dollar yesterday from ₦365.23 per dollar on Monday, translating to 27 kobo appreciation of the naira.

Similarly, the naira yesterday appreciated by 10 kobo in the parallel market.

According to naijabdcs.com, the live exchange rate platform of the Association of Bureaux De Change Operators of Nigeria (ABCON), the parallel market exchange dropped to ₦362.5 per dollar from ₦362.6 per dollar on Monday, indicating 10 kobo appreciation of the naira.

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