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DOLLARS TRADING VOLUME DROPS BY 7%.

The naira, yesterday, appreciated to N360.31 per dollar in the Investor and Exporter (I&E) window, while the volume of dollars traded dropped by 7 per cent.

Data from the Financial Market Dealers Quote (FMDQ) showed that indicative exchange rate for the I & E window, known as Nigerian Autonomous Foreign Exchange, NAFEX, rose to N360.31 per dollar, yesterday, from N360.93 per dollar on Wednesday, translating to a 62 kobo appreciation of the naira.

Meanwhile, the volume of dollars traded declined by 48 per cent to $171.01 million yesterday from $329.97 million traded on Wednesday.

Investigation however revealed that naira remained stable at N363 per dollar in the parallel market for the fourth consecutive day.

Temi Badmus
Temi Badmus
Temi Badmus is a Food scientist and an Art enthusiast. Her desire is to give a listening ear to people and to give an opportunity for everyone to be heard. Has any one told you that you are special? Yes, you are. You were beautifully designed, you are relevant to this generation and very special to me.
http://Gimmehear.com

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