Naira gains by 0.24% at I&E window
After a two-day interruption, the Naira returned stronger as it appreciated by 0.24 per cent or N1 against the green back at the Investors and Exporters Window on Friday.
The Naira exchanged at N419 to the dollar, compared with the N420 it traded on Thursday. The open indicative rate closed at N417.70 to the dollar on Friday.
An exchange rate of N444.00 to the dollar was the highest rate recorded within the day’s trading before it settled at N419.
The Naira sold for as low as 412 to the dollar within the day’s trading.
A total of 169.38 million dollars was traded in foreign exchange at the official Investors and Exporters window on Friday.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Mr Lalong emerged unopposed to poll 335 out of the 340 votes, with five being invalid.
In a landslide victory, the former governor polled 450 votes out of the 483 accredited voters.
Mr Umar takes over from Francis Enobore, who served in that capacity for seven years and has retired from service.
He stepped down on Saturday.
The open-secret ballot system will be used during the exercise, which is being coordinated by former Senate President David Mark.
Mr Obanikoro’s son, Babajide Obanikoro, had on Friday lost the APC ticket for a return to the House of Representatives.