Naira appreciates and trades at N421.25 to the US dollar at the window for investors and exporters.

Naira Posts Slight Gains Amid Soaring Dollar Demand as U.S. Dollar Index Hits Two-Year Low

At the Investors and Exporters window on Friday, the value of the Naira increased by 0.30 percent to N421.25 to the dollar, up from N422.50 on Thursday.

The open indicative rate closed at N419.34 to the dollar on Friday.

Prior to its settlement at N421.25, the highest exchange rate throughout the day’s trade was N444.00 to the dollar.

During the day’s trade, the value of the Naira dropped as low as N413 to the US dollar.

On Friday, foreign exchange transactions at the official Investors and Exporters window totaled 105.11 million dollars.

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