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Naira Appreciates to ₦358 In The Parallel Market

The Dollar To Naira Exchange Market For Investors And Exports Appreciates.
Data from FMDQ showed that the naira to dollar exchange rate for the Investors And Exports window dropped to N361.72 per dollar yesterday from N362.58 per dollar on Friday resulting to 86 kobo appreciation of the naira. The appreciation been the result of 21 percent decline in volume of dollars traded. Dollar Market fell to $348.48 million yesterday from $441.38 million on Friday. The naira however remained stable at N358 per dollar in the parallel market.

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