Naira appreciates further, exchanges at 418.00 to the dollar


By Lydia Ngwakwe

Lagos, May 25, 2022 The Naira on Wednesday exchanged at 418.00 to the dollar at the Investors and Exporters window, compared to 419 traded on Tuesday, representing 0.24 per cent appreciation.

The open indicative rate closed at N417.79 to the dollar on Wwdnesday.

An exchange rate of N444.00 to the dollar was the highest rate recorded within the day’s trading before it settled at N418.00.

The Naira sold for as low as 413 to the dollar within the day’s trading.

A total of 108.33 million dollars was traded in foreign exchange at the official Investors and Exporters window on Wednesday.