NigeriaNaira Gathers Strength, Exchanges At N461.10 To $1

Naira Gathers Strength, Exchanges At N461.10 To $1


- Advertisment -spot_img
Everything on JUMIA

Abuja, Nigeria – The naira exchanged at N461.10 to $1 on Thursday at the official market – Investors and Exporters window.

Closely observing the trend, the figure represented an appreciation of 0.02 per cent compared with the N461.17 it exchanged on Wednesday.

Flash Sales

The open indicative rate closed at N461.25 to the dollar on Thursday, NAN reports.

An exchange rate of N462 to $1 was the highest rate recorded within the day’s trading before it settled at N461.10.

The naira sold for as low as N439.96 to $1 within the day’s trading.

Analyzing transaction, a total of $40.24 million was traded at the official Investors and Exporters Window on Thursday.

Read AlsoBigi Drink Unveils New Mantra, ‘Bigi For Every Moment’

According to FMDQ, the Investors’ & Exporters’ FX Window is the market trading segment for investors, exporters and end-users that allows FX trades to be made at exchange rates determined based on prevailing market circumstances, thus ensuring efficient and effective price discovery in the Nigerian FX market.

New Webbs is an independent online news platform launched with the aim of connecting the world with the latest news on the web.


Please enter your comment!
Please enter your name here

Latest news

NBS Report: Nigeria’s Debt Hits N46.25trn In Q4 2022

Abuja, Nigeria - Domestic and external debt stocks of the federal republic of Nigeria, 36 state governments and the...

It’s The Worst Time To Fight Me – A Joshua

Ahead of the fight with Jermaine Franklin, Anthony Joshua (AJ) - a former world heavyweight champion, said Wednesday, that...

India Upholds $160m Fine On Google

In a case related to Android's market dominance, an Indian appeals court has upheld a $160m fine imposed on...

Four Dead, 5 Injured In A Lone Accident

Bauchi, Nigeria - A solo accident in Bauchi State has claimed the lives of four people while leaving five...
- Advertisement -spot_imgspot_img

As Nigerian Idol Season 8 Goes Live, Bigi Promises Bounty Excitement

Lagos, Nigeria -  Bigi, the Naija favourite soft drink, has for the third time, sponsored Nigerian Idol Season 8...

Whitney Adeniran: Court Grants Chrisland Staff Bail

Lagos, Nigeria -  A Lagos High Court on Thursday has admitted four Chrisland School Ikeja staff members to bail...

Must read

37 African Countries Face Health Worker Shortage – WHO

Out of fifty-five (55) countries facing serious health worker...

IWD 2023: KloverHarris Harps On Innovative Technology In Promoting Gender Equality

Lagos, Nigeria - KloverHarris Limited, in celebration of International...
- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you

Buy More, Save More