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NAFEX
The Naira depreciated marginally against the dollar at the I&E window on Thursday.
$50 million was sold to foreign investors on the spot and forward market.
The Naira remained stable against the dollar to close at N440/$1 on Wednesday.
The Naira appreciated against the dollar to close at N440/$1 on Tuesday.
The Naira appreciated against the dollar to close at N465/$1 on Monday at the black market.
The Naira remained stable against the dollar to close at N477/$1 on Thursday at the black market.
In contrast, the exchange rate at the parallel market gained on Wednesday as it closed at N477/$1.
The Naira depreciated against the dollar at the Investors and Exporters window on Monday.
Forex is sold at several prices and at different times during the day.
Forex turnover at the Investor and Exporters (I&E) window recorded a significant decline.
The emails continue explaining the challenges they are facing sourcing forex.
Nigeria’s exchange rate at the NAFEX window appreciated closing at N385.83 during intraday trading on Thursday, August 13,...