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Naira depreciates 0.04% at Investors’ Forex Window

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The Naira was devalued by 0.04 per cent at the Investors and Exporters (I&E) FX window as it opened at N360.44, traded high at N361.85 and eventually closed at N360.88 on Thursday.

A total of $278.18 million was transacted through the I&E window.
At the interbank, the Naira/USD rate remained stable at N306.90/ $ (spot) and N357.53/$ (SMIS), whilst the NAFEX rate at the I&E window rose by 13k to N360.88/$. At the parallel market, the cash and transfer rates closed unchanged at N359.20/$ and N362.50/$ respectively.

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