Naira Falls To N768.6 Against The Dollar In I&E Window

In the Investors and Exporters, I&E window, the naira fell to N768.6 per dollar yesterday.

According to FMDQ data, the indicative exchange rate for the Investors and Exporters (I&E) window increased to N768.6 per dollar from N740.08 per dollar on Tuesday, implying a naira devaluation of N28.52.

Similarly, the naira depreciated N3 in the parallel market yesterday, falling to N870 per dollar from N867 on Wednesday.

As a result, the difference between the official and parallel market exchange rates expanded to N101.4 per dollar yesterday, up from N126.92 per dollar the day before.