The Naira Depreciates To N362.79/$

The forex market showed a decline following market forces at the exchange commission, indicating that the Naira recorded a mixed performance in different segments of the foreign exchange market on Thursday.

It weakened 0.07 percent at the Investors and Exporters (I&E) forex window, having opened at N362.45, and closed at N362.79.

Investors traded a total of $208.81 million through the I&E window on Thursday.

At the interbank, the Naira/USD spot and SMIS rates remained unchanged at N306.90/$ and N358.51/$ respectively.

The local currency exchanged N360/$ at the parallel, remaining unchanged.