On Monday, June 19, the Naira concluded at a rate of N770 per dollar at the investors and exporters (I&E) window, according to FMDQ Securities Exchange Limited.
This closing rate signifies a depreciation of 16.1 percent compared to the previous trading day's rate of N663 (Friday).
Despite ongoing adjustments made by the Nigerian government in the foreign exchange (FX) market, the Naira has yet to stabilize.
Despite ongoing adjustments made by the Nigerian government in the foreign exchange (FX) market, the Naira has yet to stabilize.
However, data from FMDQ indicates that investors engaged in transactions totaling approximately $78 million on the I&E window.
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