Nigeria's leading finance and market intelligence news report.

Dollar demand outweighs supply as Naira weakens by 0.13%

... FX turnover declines by 88.31%

Demand for dollars by the end-users outweighed the supply on Tuesday leading to Naira depreciating by 0.13 percent at the Investors and Exporters (I&E) forex window. After trading on Tuesday, the dollar closed at N386. 50k as against N386.00k quoted on Monday, data from the FMDQ revealed. Most participants maintained bids between N362.00 and N389.00…

Don’t miss another story

Become a BusinessDay Subscriber today.

For insights, facts, figures, and access to opportunities.
Options starting from N1000 Monthly
Already a subsriber?

Get real time updates directly on you device, subscribe now.

Comments are closed.