BUSINESS

Naira loses marginally, exchanges N461.50 to dollar

Published

2 years ago

February 21, 2023

Lydia Ngwakwe

Naira exchanges at N359.4 to dollar at parallel market

The Naira on Monday exchanged at N461.50 to the dollar at the Investors and Exporters window.

The figure represented a decrease of 0.05 per cent compared with the N461.25 it exchanged after the close of business on Feb. 18.

The open indicative rate closed at N461.60 to the dollar on Monday.

An exchange rate of N462.06 to the dollar was the highest rate recorded within the day’s trading before it settled at N461.50.

The Naira sold for as low as N440 to the dollar within the day’s trading.

A total of 40.28 million dollars was traded at the official Investors and Exporters window on Monday.

Related Topics:

Up Next

FGN savings bond records N45bn subscription, as DMO unveils subscription portal

Don't Miss

Petrol price increased by 54.52% in one year- NBS

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.