Naira depreciates 0.11% to $/N360.77 at Investors’ forex market

The value of the Naira declined 0.11 per cent at the Investors and Exporters (I&E) FX window, having opened at N360.41, traded high at N361.50 and eventually closed at N360.77.

A total of $108.79 million was transacted through the I&E window.

But at the interbank, the Naira/USD rate remained stable at N306.90/$(spot) and N357.53/$ (SMIS) as against the previous day’s position.

Meanwhile, at the parallel market, the cash and transfer rates closed unchanged at N359.20/$ and N362.50/$ respectively.