Naira Appreciates To N359/$

The Naira on Thursday appreciated to N359.56 in the Investor and Exporter (I&E) Foreign Exchange, forex.

The indicative exchange rate for the I & E Forex Window, known as Nigerian Autonomous Foreign Exchange, NAFEX, appreciated to N359.56 per dollar.

The naira appreciated from Wednesday’s market rate which stood at N360.70 per dollar.

This indicates an appreciation of N1.14 kobo in the value of the local currency.

Meanwhile, the volume of dollars traded in the window, yesterday, was $191.07 million from $299.80 million exchanged on Wednesday.

This indicates a 2.9 per cent decrease in the volume of dollars traded in the market.