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Naira gains after remaining constant for 2 days

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Naira exchanges at N359.4 to dollar at parallel market

The Naira on Friday appreciated against the dollar at the Investors and Exporters window, after remaining constant in value for two days.

The naira exchanged at N429.05, representing an increase of 0.08 per cent, compared with the N429.38 it exchanged for the dollar on Thursday.

The open indicative rate closed at N428 to the dollar on Friday.

An exchange rate of N444 to the dollar was the highest rate recorded within the day’s trading before it settled at N429.05.

The Naira sold for as low as 416.06 to the dollar within the day’s trading.

A total of 50.22 million dollars was traded in foreign exchange at the official Investors and Exporters window on Friday.

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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