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Naira gains against dollar by 0.52%

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Naira exchanges at N359.4 to dollar at parallel market

The Naira on Tuesday appreciated against the dollar at the Investors and Exporters window, exchanging at N428.75.

The figure represented an increase of 0.52 per cent compared with the N431 it exchanged for the dollar on Monday.

The open indicative rate closed at N429.58 to the dollar on Tuesday.

An exchange rate of N444.00 to the dollar was the highest rate recorded within the day’s trading before it settled at N428.75.

The Naira sold for as low as N417 to the dollar within the day’s trading.

A total of 113. 64 million was traded in foreign exchange at the official investors and exporters window on Tuesday.

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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