Business & Loans
Exchange Rate Maintains Stability As FX Turnover Falls To $68 Million
Exchange Rate Maintains Stability As FX Turnover Falls To $68 Million
The exchange rate between the naira and the US dollar closed at N416/$1 on Thursday 24th February at the Investors and Exporters (I&E) window, where forex is traded officially.
The exchange rate at the I&E window closed lower on Thursday at N416.25/$1, which represents a 0.06% decline compared to N416/$1 recorded in the previous trading session.
A total of $68.08 million in FX value was traded on Thursday, which is 22.95% lower than the $88.36 million that exchanged hands in the previous trading session. This brings the total FX turnover so far for the week to $436.7 million.
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