Exchange rate depreciates at NAFEX window as forex liquidity drops further by 57%
The Naira fell to as high as N390 during intraday trading before strengthening to the closed rate of N389.
The Naira fell to as high as N390 during intraday trading before strengthening to the closed rate of N389.
Forex turnover rose by 44.9% while the exchange rate depreciated closing at N386.50/$1.
The drop is due to pressure on the black market as a result of a scarcity of dollars.
The exchange rate at the I&E window is different from the CBN’s published exchange rate.
The naira was strengthened on Wednesday as it appreciated to N386.94 to a dollar at the Investors and Exporters (I&E) window, after ...
The naira made a rebound in the foreign exchange market as it gained against the dollar at the parallel market.
The local currency strengthened by N0.83 against the dollar, when compared to the N386.33 to a dollar that is exchanged ...
The exchange at the start of the week was N385.33.
There appears to be no let-off for Nigerian local currency, Naira as the mounting pressure on it continues unabated.
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