Naira remains flat against in Investors’ Forex Window

The Naira exchange rate against Dollar was flat at the Investors and Exporters (I&E) FX window on Wednesday, having opened at N361.38, traded high at N362.50 and eventually closed at N361.75.

Investors traded a total of $128.03 million through the I&E window, whilst the market turnover rose further by 200 per cent to $385million.

At the interbank, the Naira/USD rate remained stable at N306.90/$ (Spot) and N357.70/$ (SMIS).

At the parallel market, the cash and transfer rates remained stable at N357.50/$ and N361.50/$ respectively as against yesterday’s closing position.