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Naira gains 0.07 percent at Investors and Exporters window

Amid the national currency crisis, the naira on Wednesday exchanged at N461.17 to the dollar at the Investors and Exporters […]

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Amid the national currency crisis, the naira on Wednesday exchanged at N461.17 to the dollar at the Investors and Exporters window.

The figure represented a slight appreciation of 0.07 per cent compared to the 461.50 it exchanged for on Tuesday.

The official market indicative exchange rate closed at N461.50 to the dollar on Wednesday.

However, checks by Media Talk Africa revealed that the exchange rate at the parallel market or black market in Zone 4 Abuja was N750- N750 to a dollar on Wednesday.

In the review of the business sector in 2022, economist and the CEO of the Centre for the Promotion of Private Enterprise, Dr Muda Yusuf and financial analyst Idakolo Glolade said the Central Bank of Nigeria should rejig its foreign exchange policy to give room for a single window.

Ifunanya

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