Gap between official and black market dollar rates now N130.53 kobo

Investors and exporters in the official market were offered the United States Dollar (USD) at a range of N799/$1 and N475/$1 on Friday.

The naira to dollar rate fluctuated during business hours in the investors’ and exporters’ (I&E) window before settling at N743.07/$1.

This indicates the naira appreciated in value by 4.30 per cent and the price of the dollar fell by N33.43 kobo at the close of trading, as both currencies closed at N776.50/$1 on Thursday.

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