Tuesday, September 21

Naira Appreciates To N358.5/$

The Naira, yesterday, appreciated by 70 kobos to N358 per dollar 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 N358 per dollar from N358.7 per dollar on Tuesday, indicating 70 kobo appreciation of the naira.

Similarly, the naira appreciated by one kobo to N361.69 per dollar in the Investors and Exporters (I&E) window yesterday.

Data from FMDQ showed that the indicative exchange rate for the window dropped to N361.69 per dollar yesterday from N361.7 per dollar on Tuesday, indicating one kobo appreciation of the naira.

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