By John Ikani
The exchange rate between the naira and the US dollar closed at N430/$1 on Monday at the Investors and Exporters (I&E) window.
The local unit which opened trading at N429.70 to a dollar depreciated 0.09 per cent to close at N430.00 to a dollar at the close of business on Monday, data published on the FMDQ website where forex is officially traded, showed.
The naira sold for as low as N417 to the dollar within the day’s trading.
An exchange rate of N444 to the dollar was the highest rate recorded within the day’s trading before it settled at N430.
A total of 134.30 million was traded in foreign exchange at the official I&E window on Monday.
At the Uyo unauthorised market, currency traders said they bought the dollar at N673.00 and sold it at N676.00 to a dollar on Monday, while exchangers at the Abuja black market on said the dollar was exchanged at N670.00 and sold at N673.0 at the close of business on Monday.
