Naira gains value, trading at N461.10 to $1

 BY: Manoah Kikekon

Dollars and Naira

The naira was trading at N461.10 to $1 on Thursday in the Investors and Exporters window.

The figure represented a 0.02 percent increase over the N461.17 it traded for on Wednesday.

On Thursday, the open indicative rate was N461.25 to the dollar.

The highest rate recorded during the day's trading was N462 to $1 before it settled at N461.10.

During the day's trading, the naira fell as low as N439.96 to $1.

On Thursday, a total of $40.24 million was traded at the official Investors and Exporters Window.

The Investors' & Exporters' FX Window, according to FMDQ, is a market trading segment for investors, exporters, and end-users that allows FX trades to be made at exchange rates determined by prevailing market circumstances, ensuring efficient and effective price discovery in the Nigerian FX market.

(NAN)