Business
Naira weakens further to N461.50/$ at parallel forex market
The naira depreciated from N460.50/$ to N461.50/$ at the parallel foreign exchange market on Thursday.
The Investors and Exporters (I&E) FX window opened at N387.32, traded high at N391.35, and eventually closed at N386.75, representing a 0.06 per cent depreciation against the previous day’s closing position.
A total of $103.37 million was transacted through the I&E window.
The Naira at the official window on Wednesday closed at 381.00/$1, unchanged against the previous day’s position.