Naira appreciates by 0.34 % against dollar at official market

Naira appreciates by 0.34 % against dollar at official market

Dollar and Naira

The naira rebounded at the Investors and Exporters window on Wednesday, rising by 0.34 per cent against the dollar.

Specifically, the naira exchanged at N429.20 per dollar compared with N430.67 it exchanged for the dollar on Tuesday.

The open indicative rate closed at N427.90 to the dollar on Wednesday. 

An exchange rate of N444 to the dollar was the highest rate recorded within the day’s trading before it settled at N429.20.

The naira sold for as low as N414 to the dollar within the day’s trading.

A total of 123.78 million dollars was traded in foreign exchange at the official Investors and Exporters’ window on Wednesday.

(NAN)

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Source: Peoples Gazette.

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