Naira Depreciates To N362.78 Per Dollar

The Naira has devalued to N362.78 per dollar in the Investors and Exporters (I&E) window as the volume of dollars exchanged dropped by 66 percent. 

Naira Data from FMDQ demonstrated that the characteristic conversion standard for the window rose to N362.78 per dollar on Tuesday from N362.64 per dollar a week ago Friday, showing 14 kobo devaluation of the naira. 

The volume of dollars exchanged on the window on Tuesday dropped by 66 percent to $146.49 million from $425.98 million exchanged Last week Friday. 

Be that as it may, the naira stayed stable at N359 per dollar in the parallel market.