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


May 26, 2023.

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. (

Azonuchechi Chukwu
Azonuchechi Chukwu
Ms Azonuchechi Chukwu has a BSC holder in mass communication Ebonyi State University

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