Currency Swap: Naira Gains Against Dollar

The Naira has gained a little in the middle of the naira swap challenges.

The naira exchanged at N461.33 to a dollar at the Investors and Exporters window on Monday.

The rate represented an increase of 0.09 percent, compared to the N461.75 for which it exchanged to the dollar before the close of business last Friday.

The open indicative rate on Monday closed at N461.50 to the dollar.

An exchange rate of N462.31 against the dollar was the highest figure documented within the day’s trading before it settled at N461.33.

The Naira was sold for as low as N446 to the dollar within Monday’s trading.

A total of 108.01 million dollars was traded at the official Investors and Exporters window.