A recent look at the Naira shows that it is now exchanged at 461.10 to the dollar at the Investors and Exporters window.
The figure represented an appreciation by 0.02 per cent compared to the 461.17 it exchanged on Wednesday
An exchange rate of N462 to the dollar was the highest rate recorded within the day’s trading before it settled at N461.10.
According to data published on FMDQ website, where forex is officially traded, the domestic currency closed at N461.10 per $1 on Thursday. This implies a 0.02 per cent appreciation from N461.17 per $1 it traded in the previous session on Wednesday.
The naira experienced an intraday high of N439.96 and slipped to a low of N462.00 per dollar before settling at N461.10 at the close of business Thursday.
The naira sold for as low as 439.96 to the dollar within the day’s trading.
On Thursday, a total of 40.24 million dollars was traded at the official Investors and Exporters Window.
For online transactions, the dollar is exchanged at N750.00 per $1 for those who preferred online transfers in places like Abuja and Uyo.
However, on Thursday, findings show that the Bureau de change operators changed dollar at N600/$1 in Lagos and Abuja.
Business and economy analysts have continued to project that the Naira will gain more strength as a result of its scarcity amid new notes bedeviling the country.