Naira depreciates by 0.07at the Investors and Exporters Window, Parallel market.

Date:

May 26, 2023.

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Azonuchechi Chukwu.

Nigerian currency depreciated against the American Dollar in the official market, which is the Investors and Exporters (I&E) window of the forex market on Thursday the 25 of May 2023.

It was a similar scenario in the black market, where the Naira depreciated against the US Dollar on Thursday by N10 amid Dollar scarcity to quote at N772/$1 versus Wednesday’s exchange rate of N762/$1.

Nigerian Naira at the I&E segment of the market, fell by 0.07 per cent or 34 Kobo to close at N463.67/$1 compared with the midweek’s session value of N463.33/$1.

The value of FX trades completed during the session jumped by 51.1 per cent or $89.56 million to $157.56 million from the $77.00 million achieved a day earlier. (www.naija247news.com).

Chukwu Azochukwu, The Naija247news
Chukwu Azochukwu, The Naija247newshttps://gravatar.com/azonuchechivchukwu
Azonuchechi Chukwu - Business Journalist at Naija247news.com Azonuchechi Chukwu is a seasoned business journalist contributing to the insightful coverage of economic and financial news at Naija247news.com. With a passion for unraveling the complexities of the business world, Azonuchechi brings a wealth of expertise and dedication to his role. As a Business Journalist, Azonuchechi specializes in providing comprehensive analyses of market trends, corporate developments, and economic indicators. His in-depth reports offer Naija247news.com readers a nuanced understanding of the forces shaping the Nigerian and global business landscapes. Azonuchechi Chukwu's commitment to journalistic excellence is evident in his ability to translate complex financial information into accessible and engaging narratives. Whether exploring stock market fluctuations, corporate strategies, or economic policies, he strives to deliver content that empowers readers with valuable insights. With an educational background in business and a keen interest in the intersection of finance and technology, Azonuchechi stays at the forefront of industry dynamics. His coverage extends beyond traditional financial reporting, encompassing the dynamic realms of fintech, entrepreneurship, and sustainable business practices. Azonuchechi Chukwu's work goes beyond the surface, aiming to foster financial literacy and awareness among Naija247news.com's audience. By demystifying economic complexities and shedding light on emerging opportunities, he plays a pivotal role in keeping readers well-informed in the fast-paced world of business. As Naija247news.com's Business Journalist, Azonuchechi Chukwu continues to make meaningful contributions to the platform's mission of delivering timely, accurate, and relevant business news to its diverse audience. His dedication to journalistic integrity and his ability to navigate the intricacies of the business realm make him an invaluable asset to the Naija247news.com team.

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