Naira slightly appreciates against Dollar, exchanges at N768 at official window


There is respite as the country’s currency, the Naira, appreciated on Thursday against the Dollar, exchanging at N768.16 at the Investors and Exporters window.

According to NAN, the Naira gained by 3.22 per cent compared with N793.70, which it exchanged for the Dollar on Wednesday.

The open indicative rate closed at N787.13 to the Dollar on Thursday.

A spot exchange rate of N844 to the Dollar was the highest rate recorded within the day’s trading before it settled at N768.16.

The Naira sold for as low as N700 to the Dollar within the day’s trading.

On Thursday, 56.22 million dollars were traded at the investors’ and exporters’ window.

Saga Gist recalls that since the introduction of foreign exchange reforms by CBN last Month, which led to the unification of the forex window, Naira had been fluctuating against the Dollar.

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