Naira gains further at official market, as cash crunch bites harder

On Thursday, the Naira strengthened even more as it traded at the Investors and Exporters window for N461 to the dollar.

Comparing the rate to the N461.25 for which it was exchanged to the dollar on Wednesday, there was an increase of 0.05 percent.

On Thursday, the open indicative rate reached a high of N461.25 to the dollar.

Before it settled at N461, the exchange rate for the day’s trading reached a high of N462.11 to the dollar.

In the course of the day’s trading, the Naira dropped as low as N446 to the dollar.

Trading activity at the official Investors and Exporters window totaled 82.83 million dollars.