Naira recorded no movement against the United States dollar on the official market to trade at N464.67 per $1 local on Friday.The local currency opened the day’s sales at N464.61 to a dollar but it later closed at N464.67 per dollar on Friday, data published by FMDQ, where forex rates are officially collated and traded, showed.
The domestic currency hit an intra-day high of N460 and a low of N467 before settling at N464.6 again on Friday.Forex turnover within the market segment on Friday stood at $98.90 million, the data showed. However, the naira fell significantly at the unofficial market segment on Friday, currency dealers said.
According to market dealers, the dollar exchanged hands with the naira at N750.00 and above across the unauthorised markets on Friday as against the N735.00 and N740.00 it was sold for within the week.