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Naira Depreciates In NAFEX… Checkout New Rate

Naira Depreciates In NAFEX… Checkout New Rate naira

The naira, yesterday, depreciated to N368.17 per dollar in the Investors and Exporters (I&E) window.

Data from the Financial Market Dealers Quote (FMDQ) showed that the indicative exchange rate for the window, known as Nigeria Autonomous Foreign Exchange (NAFEX) rose from N367.38 per dollar on Monday to N368.17 per dollar, yesterday. This translated to 79 kobo depreciation for the naira. Hence the naira has depreciated by N1.73 against the dollar in the I&E window this week.

However, the naira remained stable at N366 per dollar in the parallel market, yesterday.

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Chuka (Webby) Aniemeka
Chuka (Webby) Aniemeka

Chuka is an experienced certified web developer with an extensive background in computer science and 18+ years in web design &development. His previous experience ranges from redesigning existing website to solving complex technical problems with object-oriented programming. Very experienced with Microsoft SQL Server, PHP and advanced JavaScript. He loves to travel and watch movies.

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