Naira gains slightly, exchanges N441.38 to dollar

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A clerk at a money exchange bureau counts Naira, Nigerian currency, in Maiduguri, Nigeria, on Wednesday, May 1, 2019. Photographer: Jean Chung/Bloomberg
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By Lydia Ngwakwe

Lagos, Oct. 24, 2022 The Naira on Monday exchanged at N441.38 to the dollar at the Investors and Exporters window, an appreciation of 0.09 per cent, compared with N441.67 to the dollar it exchanged at the close of business on Oct. 21.

The open indicative rate closed at N440.40 to the dollar during the sesssion.

An exchange rate of N447 to the dollar was the highest rate recorded within the day’s trading before it settled at N441.38.

The Naira sold for as low as N438 to the dollar within the day’s trading.

A total of 39.47 million dollars was traded at the official Investors and Exporters window on Monday.