Naira value improves, now N420.27 to $1

The naira on Tuesday appreciated at the Investors and Exporters window, exchanging at N420.27 to the dollar, a 0.25 per cent appreciation against N421.33 traded on Monday.

The open indicative rate closed at N420.71 to $1 on Tuesday.

An exchange rate of N444.00 to $1 was the highest rate recorded within the day’s trading before it settled at N420.27.

The naira sold for as low as N413 to $1 within the day’s trading, with $108.06 million traded in foreign exchange at the official Investors and Exporters window on Tuesday.

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