The value of the naira rises in relation to the dollar, trading at 420.12.

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 0.01 against the dollar, trading at N420.12 to the dollar, up from N420.17 on Thursday.

On Friday, the open indicative rate ended the day at N419.79 to the US dollar.

Prior to its settlement at N420.12, the highest 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.

The official Investors and Exporters window saw 162.98 million dollars in foreign exchange transactions on Friday.

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