Naira Reclaims Value at Investors, Exporters FX Window
The Nigerian local currency, the naira, on Thursday reclaim value, albeit moderately at investors and exporters foreign exchange (FX) window, trading data shows.
Data obtain from the FMDQ Exchange platform showed that the Naira appreciated against the dollar to N436.32 compared with N436.50 on Wednesday, an increase of 0.04 per cent.
Traders said the open indicative rate closed at N433.75 to the dollar on Thursday. An exchange rate of N437.50 to the dollar was the highest rate recorded within the day’s trading before it settled at N436.32.
The Naira sold for as low as N425 to the dollar within the day’s trading. A total of 37.50 million dollars was traded at the official Investors and Exporters window on Thursday. The Central Bank of Nigeria (CBN) launched investors and exporters FX window in 2017. # Naira Reclaims Value at Investors, Exporters FX Window
