BUSINESS

Naira appreciates further, exchanges at 418.00 to the dollar

Published

3 years ago

May 25, 2022

Lydia Ngwakwe

The Naira on Wednesday exchanged at 418.00 to the dollar at the Investors and Exporters window, compared to 419 traded on Tuesday, representing 0.24 per cent appreciation.

The open indicative rate closed at N417.79 to the dollar on Wwdnesday.

An exchange rate of N444.00 to the dollar was the highest rate recorded within the day’s trading before it settled at N418.00.

The Naira sold for as low as 413 to the dollar within the day’s trading.

A total of 108.33 million dollars was traded in foreign exchange at the official Investors and Exporters window on Wednesday.

Related Topics:

Up Next

Food prices increase in 12 months — NBS

Don't Miss

NGX rebounds as capitalisation gains N346bn

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.