Naira gains marginally, exchanges at 436.33 to dollar


File Photo: Naira notes

By Lydia Ngwakwe

The Naira appreciated slightly against the dollar at the Investors and Exporters window on Friday as it exchanged at N436.33.

The rate represented a 0.04 per cent appreciation compared to the N436.50 for which the dollar was exchanged on Thursday.

The open indicative rate closed at N434.83 o the dollar on Thursday.

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An exchange rate of N438 to the dollar was the highest rate recorded within the day’s trading before it settled at N436.33.

The Naira sold for as low as N425 to the dollar within the day’s trading.

A total of 106.11 million dollars were traded at the official Investors and Exporters window on Friday.


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