Business

Naira gains, exchanges at N757.51 to dollar

Published

3 years ago

on

August 9, 2023

By

Feyijimi Emmanuel

Naira Gains, Exchanges At N757.51 To Dollar

On Tuesday, the naira appreciated against the dollar, exchanging at N757.51 at the Investors and Exporters window.

The naira gained by 2.23 per cent when compared with N774.78, which it exchanged for the dollar on Monday.

The open indicative rate closed at N782.59 to the dollar on Tuesday.

ALSO READ: CBN may go back to heavier exchange rate management soon, says expert

A spot exchange rate of N799.90 to the dollar was the highest rate recorded within the day’s trading before it settled at N757.51.

The naira sold for as low as N700 to the dollar within the day’s trading.

A total of $45.98m were traded at the investors and exporters window on Tuesday.

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The institute urged security agencies to identify high-risk areas early and develop location-specific plans to prevent intimidation, disruption and attacks on electoral participants. Osun offers lessons ahead of 2027 Despite the challenges, observers say the Osun election also provides evidence that improvements in election administration can produce positive results. Yiaga Africa's assessment found that INEC and security agencies largely passed the test of conducting the election, while its independent verification indicated that the official results accurately reflected the ballots counted at polling units. The challenge ahead is to build on those gains while addressing the weaknesses exposed during the election. For INEC, that means improving BVAS reliability, strengthening result-transmission and collation procedures and maintaining clear communication with voters and political parties. 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