close
Saturday, August 6, 2022

Naira keeps value at official rate; exchanges at N428.12 per dollar

The local currency remained unchanged at N428.12 to the dollar, same as the N428.12 traded on Thursday.

• August 5, 2022
Naira and Dollars
Naira and Dollars

The naira on Friday remained constant exchanging at N428.12 to the dollar at the Investors and Exporters window.

The local currency remained unchanged at N428.12 to the dollar, same as the N428.12 traded on Thursday.

The open indicative rate closed at N429 to the dollar on Friday.

An exchange rate of N444.00 to the dollar was the highest rate recorded within the day’s trading before it settled at N428.12.

The naira sold for as low as 416 to the dollar within the day’s trading.

A total of 71.92 million dollars was traded in foreign exchange at the official Investors and Exporters window on Friday. 

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Uncategorized

Indonesia to produce 35 million vaccine doses to combat foot-and-mouth disease

More than 20 provinces in Indonesia are hit by the foot-and-mouth disease.

Rights

Roe v Wade: U.S.’ Indiana becomes first state to approve abortion ban

The Senate approved the ban 28-19 and the House advanced it 62-38.

Peter Obi

Opinion

Fredrick Nwabufo: South-East should not repeat 2015 mistake

The south-east should by now have learnt from the perils of political naivety.

Sport

Transfers: Why Newcastle can’t spend big and what they need to succeed

Newcastle faces much the same challenge as Manchester City in 2008.

Abuja

AMAC chair vows to appeal as FCT election tribunal rules in favour of APC

The chairman renounced the judgment that was passed in favour of the All Progressives Congress (APC).

Economy

NUPRC adopts new approach in acreage management, lease administration

Mr Komolafe said the commission will seek to identify the areas of regulatory underperformance in acreage management and administration.