Naira gains further at Importers and Exporters window, closes at N411/$1

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Factual Pursuit of Truth for Progress

The Naira appreciated against the dollar on Thursday at the Nigerian Autonomous Foreign Exchange (NAFEX) window, as the rate closed at N411 to a dollar.

This represents a 25 kobo gain when compared to the N411.25/$1 that was recorded on Wednesday, 28th April 2021.

However, the naira continued to remain stable at the parallel market to close at N485/$1 on Thursday. This was the same rate that was recorded the previous day. The naira has maintained its gain at the official window as oil prices near $70 per barrel.

At the NAFEX window, the naira appreciated against the US dollar at the Investors and Exporters window on Thursday to close at N411/$1, representing a 25 kobo gain when compared to the N411.25/$1 that was recorded on Wednesday.

The opening indicative rate closed at N410.46 to a dollar on Thursday, April 29, 2021, representing a 27 kobo drop when compared to the N410.19/$1 that was recorded on Wednesday.

Also, an exchange rate of N435.65 to a dollar was the highest rate recorded during intra-day trading before it settled at N411/$1. It also sold for as low as N392/$1 during intra-day trading.

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