At the official market, the local currency appreciated 0.08 percent against the dollar to close at N430.33 at the end of the last trading day , according to FMDQ OTC Securities Exchange, a platform that oversees foreign-exchange trading in Nigeria.
An exchange rate of N444 to the dollar was the highest rate recorded within the day’s trading before it settled at N430.33.It sold for as low as N417 to the dollar within the day’s trading. A total of $82.38 million traded in foreign exchange at the official investors and exporters window. released $265 million to airlines operating in the country to settle outstanding ticket sales.
The move followed complaints by foreign airlines over their inability to repatriate revenue from Nigeria.
It will still go down later .in South Korea ,one dollar is equally to 1300 WON ,and yet they are considered a develop nation
Naira keep loosing it value.And the economy is going down six feet.
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