Lagos, May 18, 2023: Naira on Thursday bounced back after a three-day fall against the green back, exchanging for N463 at the Investors and Exporters window.
The rate represents an increase of 0.46 per cent when compared to the N465.13 it exchanged for the dollar on Wednesday.
The open indicative rate closed at N463.67 to the dollar on Thursday.
A spot exchange rate of N467 was the highest rate used for trading within the day before it settled at N463..
Spot exchange rate is determined instantly.
The local currency sold for as low as N460 to the dollar within the day’s trading.
A total turnover of US$ 104.24 million was traded at the official Investors’ and Exporters’ window.
