Friday, 19th April 2024
To guardian.ng
Search
Business News  

Naira gains further, exchanges at N461.10 to dollar

By NAN
10 February 2023   |   7:12 am
The Naira on Thursday exchanged at 461.10 to the dollar at the Investors and Exporters window.

[FILES] Bureau de change. PHOTO: QZ

The Naira on Thursday exchanged at 461.10 to the dollar at the Investors and Exporters window.

The figure represented an appreciation by 0.02 per cent compared with the 461.17 it exchanged on Wednesday.

The open indicative rate closed at N461.25 to the dollar on Thursday.

An exchange rate of N462 to the dollar was the highest rate recorded within the day’s trading before it settled at N461.10.

The naira sold for as low as 439.96 to the dollar within the day’s trading.

A total of 40.24 million dollars was traded at the official Investors and Exporters Window on Thursday.

In this article

Related

World Bank, AfDB to provide electricity for 300 million Africans by 2030
15 hours ago
Access Pensions commits to guiding customers on backed mortgages
15 hours ago
NGX reverses gains as capitalisation dips by N35 billion
15 hours ago
Customs records 95.3% growth in non-oil exports via Tin Can port
15 hours ago
CIoD tasks directors on effective leadership amid global disruptions
16 hours ago
Stanbic IBTC raises N350 billion to tackle energy inadequacy
16 hours ago

0 Comments

Business News
FX volatility, reduced investments, economic slowdown worry LCCI
15 hours ago
The Lagos Chamber of Commerce and Industry (LCCI) is deeply worried about the various economic headwinds confronting the stability of the Nigerian economy.
Business News
FG says production increase key to midstream, downstream stability
15 hours ago
Worried by the dwindling oil production and the need to drive investments in the nation’s oil and gas sector, the Federal Government, through the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has underscored the imperative of ramping up production as a pivotal strategy to ensure stability in the midstream and downstream sectors of the industry.
Maritime
NPA seeks DMO approval for $700m loan to rehabilitate Lagos Ports
15 hours ago
The Nigerian Ports Authority (NPA) is awaiting the Debt Management Office's (DMO) final review and approval of Citibank's $700 million loan mandate, which will fund the rehabilitation of the Apapa and Tin-Can Island ports in Lagos.
Nigeria
Marshall attributes naira gain to CBN clearance of FX backlog
1 day ago
A foreign investor at TLG Capitals, Isaac Marshall, has attributed the naira gain to the decision of the Central Bank of Nigeria (CBN) to clear the FX backlog. Nigeria's foreign exchange (FX) reserves have fallen to a six-year low, Marshall said in a statement on his LinkedIn account on Thursday. He stated that this decline…
Business News
Stakeholders rally operators on AI adoption for industry growth
1 day ago
Stakeholders in the insurance and pension industry have called on operators in the sectors to adopt artificial intelligence (AI) to drive business expansion in the country.
Business News
FCCPC to enforce fair competition for price reduction
1 day ago
Though it does not have the power to regulate prices, the Federal Competition and Consumer Protection Commission (FCCPC) will deploy an existing legal framework to enforce fair competition and consumer protection provisions to achieve fair prices of commodities.
Business News
Inflation to decelerate mid-2024, says Akabueze
1 day ago
Inflation in Nigeria is reaching its peak now and will decelerate toward the middle of the year, Director-General of the Budget Office of the Federation, Ben Akabueze, has said.
Business News
NB’s N600b rights to settle FX losses, local bank debt facility
1 day ago
Nigerian Breweries (NB) Plc has disclosed that the proposed N600 billion recapitalisation scheme by way of rights issue would settle N153 billion outstanding foreign exchange (FX) losses and part of its local bank debt facility.
Business News
IRENA seeks new approach to energy security amid rising geopolitics
1 day ago
The International Renewable Energy Agency (IRENA) is seeking a new approach to energy security amidst geopolitical concerns and a push from fossil fuels.
Business News
CIBN highlights importance of liquidity at yearly lecture
1 day ago
The Chartered Institute of Bankers of Nigeria (CIBN) 2024 yearly lecture, slated to take place on April 23, at the Civic Center, Victoria Island, Lagos, has its theme as "Improving Availability of Credit in the Nigerian Real Economy: The Critical Importance of Liquidity."