Tag
FOREX
FX turnover is still a far cry from the over $200 million turnovers recorded in January.
The Naira remained stable again against the dollar to close at N475/$1 on Tuesday.
The Naira remained stable against the dollar to close at N475/$1at the black market.
Naira depreciated against the dollar at the Investors and Exporters (I&E) window.
The Naira fell to as high as N390 during intraday trading before strengthening to the closed rate of N389.
The Naira depreciated against the dollar at the Investors and Exporters (I&E) window on Tuesday.
The exchange rate between the naira and dollar was offered for as high as N485/$1.
Total turnover for the week was $136.9 million, one of the lowest in weeks.
By agreeing to NAFEX rate for its tower deal, MTN hopes to offset the cost via price increase.
The exchange rate at the parallel market was unchanged for the third consecutive day.
At the black market where forex is traded unofficially, the Naira remained stable closing at N472.
The exchange rate disparity between NAFEX rate and back market rate widened by a whopping N84.