Naira gains marginally, exchanges at 441.25 to dollar

On Monday, the Naira appreciated a little bit against the dollar, reaching N441.25 at the Investors and Exporters window.

Compared to the N441.38 it exchanged for the dollar before the close of business on October 14, the amount represented a slight increase of 0.03 percent.

According to NAN, the open indicative rate on Monday closed at N439.63 to the dollar.

Meanwhile, an exchange rate of N442.50 to the dollar was the highest rate recorded within the day’s trading before it settled at N441.25.

In the day’s trading, the Naira was sold for as low as N425 to the dollar.

A total of 46.21 million was traded in foreign exchange at the official investors and exporters window on Monday.