Business

Naira gains marginally, exchanges at 441.25 to dollar

Published

4 years ago

on

October 18, 2022

By

Seun Owope

Naira gains marginally, exchanges at 441.25 to dollar

The Naira on Monday appreciated slightly against the dollar at the Investors and Exporters window, exchanging at N441.25.

The figure represented an increase of 0.03 per cent compared with the N441.38 it exchanged for the dollar before the close of business on Oct. 14.

The open indicative rate closed at N439.63 to the dollar on Monday.

An exchange rate of N442.50 to the dollar was the highest rate recorded within the day’s trading before it settled at N441.25.

The Naira sold for as low as N425 to the dollar within the day’s trading.

A total of 46.21 million was traded in foreign exchange at the official investors and exporters window on Monday.

Related Topics:441.25 to dollar Exchange Rate gains Naira

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Vote-buying remains a major concern One of the strongest warnings from Osun was the continued presence of vote-buying and voter inducement. Yiaga Africa said the results declared by the Independent National Electoral Commission (INEC) were consistent with its independent statistical projections, but cautioned that this did not remove concerns about the integrity of voters' choices amid reports of vote-buying and inducement. The concern is particularly significant ahead of 2027, when political competition will take place nationwide and involve presidential, National Assembly and state-level contests. The International Republican Institute (IRI), following a pre-election assessment mission conducted in August, identified monetised political competition, election-related violence, insecurity and declining public confidence in INEC among the structural challenges facing the 2027 elections. 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