Connect with us

Naira Watch

Naira gains marginally against dollar, exchanges at 419

Published

on

Naira exchanges for N562 per dollar, as CBN moves to stop the slide

The Naira on Wednesday exchanged at 419 to the dollar at the Investors and Exporters window, compared to 419. 50 on Tuesday, representing 0.12 per cent appreciation.

The open indicative rate closed at N418.21 to the dollar on Wednesday.

An exchange rate of N444.00 to the dollar was the highest rate recorded within the day’s trading before it settled at N419 while it sold for as low as N410/$1 during intra-day trading.

Read also: Naira makes slight recovery against US dollars

A total of 171.98 million dollars was traded in foreign exchange at the official Investors and Exporters window on Wednesday.

On the other hand, the exchange rate at the peer-to-peer market depreciated on Thursday morning, trading at a minimum of N604/$1 as against N600/$1 recorded as of the same time on Wednesday.

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now

Click to comment

Leave a Reply

Your email address will not be published.

eighteen + 14 =

Investigations