Naira Starts The New Year Weak By 0.08% Against The Dollar At Forex Market

Naira starts the New Year weak by 0.08% against the Dollar At Forex Market

The Nigerian currency, the Naira dropped marginally by 0.08% against the dollar at the Investors and Exporters Foreign Exchange window on Thursday due to the holidays.

The AM News gathered that the I & E forex window on Thursday opened in the morning trade of N364.35  and it traded high at N366.05 and closed at N364.79.

The currency at the official window closed unchanged at N307.00/$1, same as on Tuesday.

And At the parallel market segment, the cash and transfer rates remained unchanged at N360.50/$ and N363.50/$ respectively.

The Naira is expected to rise significantly in the coming days as the business will resume fully.