The Nigerian Naira on Monday depreciated against the US dollar on Investors and Exporters Foreign Exchange Window after the Central Bank of Nigeria introduced the platform two weeks ago.

The Window designed to allow investors and exporters’ access forex at market-determined rates has shifted the power to investors as most off-shores investors are said to be demanding N400 a dollar exchange rate, while local buyers were quoting rates as low as N350 a dollar.

Last week, traders held a conference call with market regulator FMDQ OTC Securities Exchange to discuss the wide range of quotes on the Naira for investors, although the meeting did not produce any resolutions. FMDQ provides daily opening and closing quotes on the Naira.

However, traders are worried about illiquidity in the foreign exchange market despite making the exchange rate market-determined for investors.

“We have done deals around N400/dollar levels,” one trader said, adding that, “Some of the off-shores investors are insisting on N400/dollar.”

The CBN had in April said it would allow investors to trade the naira at market-determined rates, a move intended to improve the dollar supply and attract foreign investors who bolted from Nigeria at the start of the latest naira crisis.

http://investorsking.com/naira-depreciates-further-on-investors-fx-window/

2019 where at thou?

mynd44 this deserve to be on the front page, not the parallel/black market. This is the new fx window created two weeks ago.

Another policy.. The foreign investors won't still be comfortable investing. Nobody wants to invest in an unstable money market.

I just wish CBN gets it right soon.

Which one is new investors again,
Na abokifx we dey follow

Sad and sickening.

Who is the market?

.now I'm confused...
I read a topic that says naira appreciate just 10mins ago..
Now naira deprecates..

Iyam confused o

I just read that naira appreciated.... Now it has depreciated in less than 2mins.

The mood swing of naira is something that should be studied.

We might learn from it.

One step forward, one and half step backward.

Artificial solution of buhari

Nice one

Na wa o

God help Nigeria

oooo

Up n down things

helppp

Which one are we to believe now, Two forex news on front page delivering opposite information.
The first says Naira appreciated while this is saying the exact Opposite.

www.nairaland.com/3787671/naira-appreciates-against-dollar

did this naira not just appereciate some 2 or 3 threads ago

At the rate dollar they go na trade by barter things




Imagine i fit if na trade by barter i go offer Seun, Tonto Dike and Seun go offer me Nairaland as full owner



Offer Lalasticlala full snake and him go give super mode privileges so i go kumuma ban some people on nairaland



Offer paa Buhari plus all his ministers to get Ngozi Okonjo to come manage our economy

D

What are we to believe this early morning?

our exchange rate be fluctuating like this, then fluctuate like that

bufness:
did this naira not just appereciate some 2 or 3 threads ago

Bros who I go ask nah?

Naira has suddenly become a pendulum bulb swinging Ugandan. Kwantinu

I'm just tired if this Nigeria. No job, everything is on the high side, Dollar is just laughing at our Naira. Everything is just so frustrating.

Which level up and down

Naira swings