Naira appreciates slightly against dollar

By Lydia Ngwakwe

Naira appreciated against the dollar on Tuesday, exchanging for N462.25 at the investors’ and exporters’ window.

The rate represented an increase of 0.11 per cent when compared to the N462.78 for which it exchanged to the dollar on Monday.

The open indicative rate closed at N463.50 to the dollar on Tuesday.

A spot exchange rate of N466 was used for trading within the day before it settled at N462.25.

Spot exchange rate was determined instantly.

The naira sold for as low as N460 to the dollar within the day’s trading.

A total of 98.84 million dollars was traded at the official Investors’ and Exporters’ window on Tuesday.

(NAN)