Naira appreciates to N360.21/$ in I&E

The Naira Wednesday appreciated to N360.21 per dollar in the Investors and Exporters (I&E) window of the remote trade showcase.

Information from the Financial Market Dealers Quote (FMDQ) demonstrated that the characteristic conversion scale for the window dropped to N360.21 per dollar, yesterday, from N360.31 per dollar on Tuesday, showing a 10 kobo devaluation of naira.

In the interim, the volume of dollars exchanged the window fell by 22 percent to $166.58 million Wednesday from $212.31million on Tuesday, inciting the valuation for the naira.