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First with the News

Naira Stabilises At Official Market, Gains N3 At Black Market

August 19, 2022
in Economy, Top Stories
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By John Ikani 

The Naira remained constant on Thursday exchanging at N429.38 to the dollar at the Investors and Exporters window of the CBN.

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This is the same value Naira exchanged for on Wednesday at the official market.

A total of 63.3 million dollars was traded in foreign exchange at the official Investors and Exporters window on Thursday.

The open indicative rate closed at N427 to the dollar on Thursday.

The local unit sold for as low as 417 to the dollar within the day’s trading while an exchange rate of N444 to the dollar was the highest rate recorded within the day’s trading before it settled at N429.38.

Naira also recorded a positive trade on the black market on Thursday.

Bureau de Change operators who spoke to local media confirmed that the Naira gained N3 to exchange at N677/$ on Thursday compared to N680 on Wednesday.

Tags: breakingCentral Bank of Nigeria (CBN)Heritageheritage timesheritagetimesmedialatestNaira-Dollar Paritynewsthe heritage timesthtthtafricatop stories
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