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Naira declines 0.05% to $/N360.35

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The Naira at Investors and Exporters (I&E) FX window declined further by 0.05 per cent to N360.35/$ on Thursday.

The market turnover fell by 70 per cent to $152 million, while total of $551.97 million was transacted through the I&E window.

At the parallel market, the cash rate rose by c.0.03 per cent to N359.10/$, while the transfer rate remained unchanged at N363.50/$.

The Naira exchange rate at the official window remain unchanged to close at N306.95/$1, against the previous day’s position.

 

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