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Naira appreciates, sells at N417.30 to dollar

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The Naira exchanged at 417.30 to the dollar at the Investors and Exporters window on Monday, representing a -0.25 per cent appreciation, compared to N418.33 to the dollar recorded on Friday.

The open indicative rate closed at 417.92 naira to the dollar on Monday.

An exchange rate of 444 naira to the dollar was the highest rate recorded within the day’s trading before it settled at 417.30 naira.

The naira sold for as low as 410 to the dollar within the day’s trading.

A total of 291.09 million dollars was traded in foreign exchange at the official Investors and Exporters window on Monday.

Lydia Ngwakwe

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective. A unique organization, founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favour. The Verge Communications is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.

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