Business

Naira appreciates slightly against dollar

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.

READ ALSO: CBN: We’ll penalise shipping coys exporting undocumented cargoes

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 was traded at the official Investors’ and Exporters’ window on Tuesday.

The Star

Editor

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