The naira yesterday depreciated to N362.53 per dollar in the Investors and Exporters (I&E) window even as the volume of dollars traded declined by 17 percent.<\/p>\n
<\/p>\n
Data from FMDQ showed that the indicative exchange rate for the window rose to N362.53 per dollar yesterday from N362.25 per dollar on Wednesday, indicating 28 kobo depreciation of the naira.<\/p>\n
<\/p>\n
However, the volume of dollars (turnover) traded in the window yesterday dropped by 17 percent to $107.32 million from $128.52 million traded on Wednesday. On the other hand, the naira yesterday was stable at N359 per dollar in the parallel market.<\/p>\n","protected":false},"excerpt":{"rendered":"
The naira yesterday depreciated to N362.53 per dollar in the Investors and Exporters (I&E) window even as the volume of dollars traded declined by 17 percent. Data from FMDQ…<\/p>\n","protected":false},"author":2,"featured_media":52588,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[847],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.citypeopleonline.com\/wp-content\/uploads\/2018\/06\/Insurance-money.jpg?fit=510%2C340&ssl=1","jetpack-related-posts":[{"id":122557,"url":"https:\/\/www.citypeopleonline.com\/naira-sells-at-n359-to-dollar-at-parallel-market\/","url_meta":{"origin":57715,"position":0},"title":"Naira Sells At N359 To Dollar At Parallel Market","author":"Damilare Salami","date":"August 9, 2019","format":false,"excerpt":"The naira on Thursday was sold at N359.3 to the dollar at the parallel market in Lagos. The pound sterling and the euro closed at N450 and N396, respectively. At the bureau de change (BDC) segment, the naira traded at N359.3 to the dollar, while the pound and the euro\u2026","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/www.citypeopleonline.com\/magazine\/business\/"},"img":{"alt_text":"naira, forex, cbn, DOLLARS,","src":"https:\/\/i0.wp.com\/www.citypeopleonline.com\/wp-content\/uploads\/2018\/06\/naira-pounds-pictures.jpg?fit=412%2C250&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":12137,"url":"https:\/\/www.citypeopleonline.com\/just-naira-recovers-3901\/","url_meta":{"origin":57715,"position":1},"title":"JUST IN: Naira recovers to 390\/$1","author":"Online Source","date":"March 23, 2017","format":false,"excerpt":"The value of the dollar continued to diminish against the naira as the local currency was traded at N390 to the greenback on Thursday evening in Abuja. NAN reports that the naira had also appreciated against the Euro, exchanging at N400 while remaining stable against the Pound Sterling at N465.\u2026","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/www.citypeopleonline.com\/magazine\/business\/"},"img":{"alt_text":"Naira-Dollars","src":"https:\/\/i0.wp.com\/www.citypeopleonline.com\/wp-content\/uploads\/2016\/12\/dollars-naira-690x450.jpg?fit=690%2C450&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.citypeopleonline.com\/wp-content\/uploads\/2016\/12\/dollars-naira-690x450.jpg?fit=690%2C450&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.citypeopleonline.com\/wp-content\/uploads\/2016\/12\/dollars-naira-690x450.jpg?fit=690%2C450&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":11931,"url":"https:\/\/www.citypeopleonline.com\/naira-rises-dollars\/","url_meta":{"origin":57715,"position":2},"title":"Again! Naira Rises Against Dollars","author":"Damilare Salami","date":"March 21, 2017","format":false,"excerpt":"The Naira has continued to appreciate and gain weight against the dollar at the parallel market, newsmen report. The Nigerian currency on Tuesday afternoon traded at N420 (buying rate) and N430 (selling rate), while the Pound Sterling and the Euro closed at N530 and N450 respectively. Trading on the floor\u2026","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/www.citypeopleonline.com\/magazine\/business\/"},"img":{"alt_text":"Naira-Dollars","src":"https:\/\/i0.wp.com\/www.citypeopleonline.com\/wp-content\/uploads\/2016\/12\/dollars-naira-690x450.jpg?fit=690%2C450&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.citypeopleonline.com\/wp-content\/uploads\/2016\/12\/dollars-naira-690x450.jpg?fit=690%2C450&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.citypeopleonline.com\/wp-content\/uploads\/2016\/12\/dollars-naira-690x450.jpg?fit=690%2C450&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":12922,"url":"https:\/\/www.citypeopleonline.com\/naira-slides-dollars\/","url_meta":{"origin":57715,"position":3},"title":"Again, Naira Slides Down Against Dollars","author":"Damilare Salami","date":"April 3, 2017","format":false,"excerpt":"The naira on Monday depreciated further at the black market in spite of the commitment of the CBN to boost liquidity in the market, newsmen report. The naira lost two points to exchange at N395 to the dollar from N393 recorded on Friday, while the pound sterling and the Euro\u2026","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/www.citypeopleonline.com\/magazine\/business\/"},"img":{"alt_text":"Naira-Dollars","src":"https:\/\/i0.wp.com\/www.citypeopleonline.com\/wp-content\/uploads\/2016\/12\/dollars-naira-690x450.jpg?fit=690%2C450&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.citypeopleonline.com\/wp-content\/uploads\/2016\/12\/dollars-naira-690x450.jpg?fit=690%2C450&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.citypeopleonline.com\/wp-content\/uploads\/2016\/12\/dollars-naira-690x450.jpg?fit=690%2C450&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":8635,"url":"https:\/\/www.citypeopleonline.com\/free-fall-continuesnaira-crashes-record-low-n510-1\/","url_meta":{"origin":57715,"position":4},"title":"The Free Fall Continues\u2026Naira Crashes To Record Low Of N510 To $1","author":"Daniji Emmanuel","date":"February 16, 2017","format":false,"excerpt":"The Nigerian Naira continued to depreciate against the U.S. dollar on the parallel market, despite the claim of a steady rise in the foreign reserves. The local currency lost N3 from N507 it traded on Tuesday to exchange at N510 against the U.S dollar on Wednesday. While both the Pound\u2026","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/www.citypeopleonline.com\/magazine\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.citypeopleonline.com\/wp-content\/uploads\/2017\/02\/moni.jpg?fit=444%2C314&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":64466,"url":"https:\/\/www.citypeopleonline.com\/again-naira-loses-value-drops-to-n370-1\/","url_meta":{"origin":57715,"position":5},"title":"Again, Naira Loses Value, Drops to N370 – $1","author":"Damilare Salami","date":"November 30, 2018","format":false,"excerpt":"The naira yesterday exchanged for N370 to the dollar at the black market but many buyers were cautious of staking their fund at such rates. It was the local currency\u2019s weakest position against the greenback since August, last year. But there are plans for a $90 million inflow through the\u2026","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/www.citypeopleonline.com\/magazine\/business\/"},"img":{"alt_text":"Naira, Inflation,","src":"https:\/\/i0.wp.com\/www.citypeopleonline.com\/wp-content\/uploads\/2017\/05\/Naira-low.jpg?fit=614%2C376&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.citypeopleonline.com\/wp-content\/uploads\/2017\/05\/Naira-low.jpg?fit=614%2C376&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.citypeopleonline.com\/wp-content\/uploads\/2017\/05\/Naira-low.jpg?fit=614%2C376&ssl=1&resize=525%2C300 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.citypeopleonline.com\/wp-json\/wp\/v2\/posts\/57715"}],"collection":[{"href":"https:\/\/www.citypeopleonline.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.citypeopleonline.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.citypeopleonline.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.citypeopleonline.com\/wp-json\/wp\/v2\/comments?post=57715"}],"version-history":[{"count":1,"href":"https:\/\/www.citypeopleonline.com\/wp-json\/wp\/v2\/posts\/57715\/revisions"}],"predecessor-version":[{"id":57722,"href":"https:\/\/www.citypeopleonline.com\/wp-json\/wp\/v2\/posts\/57715\/revisions\/57722"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.citypeopleonline.com\/wp-json\/wp\/v2\/media\/52588"}],"wp:attachment":[{"href":"https:\/\/www.citypeopleonline.com\/wp-json\/wp\/v2\/media?parent=57715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.citypeopleonline.com\/wp-json\/wp\/v2\/categories?post=57715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.citypeopleonline.com\/wp-json\/wp\/v2\/tags?post=57715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}