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Naira gains, exchanges N461.33 to dollar

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Naira exchanges at N359.4 to dollar at parallel market

Naira on Monday exchanged at N461.33 to a dollar at the Investors and Exporters window.

The rate represented an increase of 0.09 per cent, compared to the N461.75 for which it exchanged to the dollar before the close of business on Friday.

The open indicative rate closed at N461.50 to the dollar on Monday.

An exchange rate of N462.31 to the dollar was the highest rate recorded within the day’s trading before it settled at N461.33.

The Naira sold for as low as N446 to the dollar within the day’s trading.

A total of 108.01 million dollars was traded at the official Investors and Exporters window.

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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