Naira Appreciates Slightly Against Dollar

The Naira has exchanged N436/$1 at the Investors and Exporters window on Monday.

 

The rate signifies a 0.08 percent appreciation compared to the N436.33 for which the dollar exchanged earlier on September 23.

 

The open indicative rate closed at N435.67 to the dollar.

 

An exchange rate of N441 to the dollar was the highest rate documented within Monday’s trading before it later settled at N436.

 

The Naira was sold for as low as N423 to the dollar within Monday’s trading.

 

A total of 78.10million dollars was traded at the official Investors and Exporters window on Monday.

 

This is coming after the Naira had lost slightly to the dollar a few days ago.

 

However, at the parallel market, naira exchanged between N710-N712 against the dollar.