Business
Naira weakens further to $/N360.55 at Investors’ Forex Window
The I&E forex window opened at N360.30, traded high at N363.00 and eventually closed at N360.30, representing a 0.07 per cent appreciation against previous day’s closing position.
A total of $165.84 million was transacted through the I&E window.
At the parallel market, the cash rate depreciated by 0.06 per cent to $/N358.20 whilst the transfer rate remained unchanged at $/N364.00.
The Naira at the inter-bank rate remain unchanged to closed at $/N307.00 (spot) and $/N355.78 (SMIS).