Naira appreciates further, exchanges at 418.00 to the dollar


Lagos ------------ The Naira on Wednesday exchanged at 418.00 to the dollar at the Investors and Exporters window, compared to 419 traded on Tuesday, representing 0.24 per cent appreciation.

The open indicative rate closed at N417.79 to the dollar on Wednesday, with  N444.exchanging to the dollar which was the highest rate recorded within the day’s trading before it settled at N418.00.

The Naira sold for as low as 413 to the dollar within the day’s trading, even as a total of 108.33 million dollars was traded in foreign exchange at the official Investors and Exporters window on Wednesday.