Connect with us

Business

Naira Gains At Investors, Exporters’ Window

Published

on

Naira and Dollar

Naira Gains At investors, Exporters’ Window

Naira and Dollar

On Wednesday, the Nigerian naira experienced an appreciation against the US dollar, with an exchange rate of N782.49 at the investors and exporters window. This signifies a 0.75% increase compared to the rate of N788.42 recorded on Tuesday.

The open indicative rate, which is the rate used as a reference by financial institutions, closed at N775.75 for one US dollar on Wednesday.

Read Also Lady Dish Out Slaps To Her Friend For Sleeping With Her Boyfriend (VIDEO)

Advertisement

During the day’s trading, the exchange rate fluctuated, reaching a peak of N806 to the dollar before settling at N782.49. However, the naira also traded as low as N690 to the dollar within the same trading period.

A total of $90.52 million was traded at the investors and exporters’ window on Wednesday.

Overall, the naira demonstrated some positive movement against the US dollar, providing a slightly stronger exchange rate for traders and investors.

 

Advertisement
Advertisement
Click to comment
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Trending

0
Would love your thoughts, please comment.x
()
x