Tuesday’s rate represented a 0.06 per cent appreciation compared to the N436.50 for which the dollar exchanged on Monday.
A total of 65.95 million dollars was traded at the official Investors and Exporters window on Wednesday.
The figure represents an increase of 0.11 per cent compared with N436.50 to the dollar it exchanged on Monday.
The Naira on Friday exchanged at N436.33 compared with N436.32 on Thursday.
Local payments recorded were N359.12 billion, while foreign VAT payments contributed N111.13 billion during the period under review.
The development comes shortly after the Central Bank released $265 million to foreign airlines amid threats by the international carries stop operations in Nigeria.
![Fly Emirate plane used to illustrate the story. [PHOTO CREDIT: Emirate Web Page]](https://gazettengr.com/wp-content/uploads/2020/09/Fly-Emirate.jpg)
Finance minister Zainab Ahmed said the regime plans to spend N19.76 trillion next year, out of which the government could only raise N8.46 through oil sales and other revenues.
“Private sector investment in Africa’s infrastructure rose to $19 billion in 2020, representing 23 per cent, the highest since 2016,” said AfDB.
The figure represented an increase of 0.08 per cent, compared with N430.67 it exchanged for the dollar on Thursday.
However, the balance in the Excess Crude Account (ECA), as at August 24 stands at 470,599.54 million dollars.
