Business

Naira extends stability at investors, exporters window

Naira strengthened further against the dollar at the Investors and Exporters window on Wednesday, June 7.

The local currency had remained constant for three successive days, exchanging at N464.67 to the dollar.

The naira did not change from its value on Tuesday, while the open indicative rate closed at N464.79 to the dollar on Wednesday.

READ ALSO: Naira remains constant, exchanges at N464.67 against dollar

An exchange rate of N476 to the dollar was the highest rate recorded within the day’s trading before it settled at N464.67.

The naira sold for as low as 460 to the dollar within the day’s trading.

A total of $140.31 million was traded at the official Investors and Exporters window on Wednesday.

The Star

Segun Ojo

Recent Posts

Troops kill 16 ISWAP terrorists in Lake Chad airstrike

The Joint Task Force (North East), Operation Hadin Kai has neutralised 16 suspected Islamic State…

8 hours ago

Microsoft offers voluntary exit packages to 60,000 workers

Microsoft has offered voluntary buyouts to about 60,000 employees, as the tech giant seeks to…

8 hours ago

Nigerian oil tycoon Indimi loses $60m on Jaiz Bank shares

Nigerian oil tycoon Mohammed Indimi has lost nearly $60 million in the paper value of…

9 hours ago

Nigeria could be declared Ebola-free on December 7 — Minister

Nigeria could be declared free of the current Ebola outbreak by December 7, 2026, if…

9 hours ago

NUPRC plans crude swap to cut refinery costs by $4 per barrel

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is consulting oil producers and domestic refiners on…

10 hours ago

APC to Nigerians: Reject Atiku, ADC over unpaid staff salaries

The All Progressives Congress (APC) Presidential Campaign Council has urged Nigerians to reject former Vice-President…

11 hours ago

This website uses cookies.