The depreciation in the closing exchange rate is following the 21.22% decline in the amount of FX traded in the I&E window.
The naira on Wednesday, 14th September 2022 exchanged N436/$1 at the official I&E window from N436.04/$1 recorded on Tuesday.
Nairametrics reported that the depreciation in the closing exchange rate is following the 21.22% decline in the amount of FX traded in the I&E window.
However, at the parallel market on Thursday 15th September 2022, naira appreciated marginally to exchange N706/$1, representing a 0.14% improvement compared to N707/$1 recorded in the previous trading session. This is according to information for black market traders.