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Naira begins new week on positive note, exchanges at N445.38 to the dollar

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Naira exchanges at N359.4 to dollar at parallel market

The naira on Monday appreciated against the dollar at the Investors and Exporters window, exchanging at N445.38.

The figure represents an appreciation of 0.07 per cent compared with the N445.67 for which the dollar exchanged at the close of business on Friday.

The open indicative rate closed at N444.08 to the dollar on Monday.

An exchange rate of N447 to the dollar was the highest rate recorded within the day’s trading before it settled at N445.38.

The naira sold for as low as 440 to the dollar within Monday’s trading.

A total of 83.57 million dollars was traded at the official Investors and Exporters window on Monday.

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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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