Naira Gains, Exchanges At N757.51 To Dollar

The Naira on Tuesday appreciated against the dollar, exchanging at N757.51 at the Investors and Exporters window.

The Naira gained by 2.23 per cent when compared with N774.78 for which it exchanged for the dollar on Monday.

The open indicative rate closed at N782.59 to the dollar on Tuesday.

A spot exchange rate of N799.90 to the dollar was the highest rate recorded within the day’s trading before it settled at N757.51.

The Naira sold for as low as N700 to the dollar within the day’s trading.

READ ALSO: Don’t Hawk, Mutilate Naira CBN Urges Nigerians

A total of 45.98 million dollars was traded at the investors and exporters window on Tuesday.

In other news, Technology firm, Google has listed Nigerian currency, Naira, as one of the currencies to be used for payment on its Play Store.

This is the outcome of its partnership with Verve, which aim is to make digital transactions on Google Play Store easier for Nigerians.

According to the firm, Nigerians can now use their Verve cards to make purchases on the Google Play Store.

READ ALSO: Google Lists Naira As Payment Option On Play Store

It stated that under its new partnership, Google would process Verve transactions within Nigeria, and the transactions would be undertaken in naira and treated as local transactions by the country’s banking institutions.

Head of Retail and Payment Partnerships, Google Play, Anthea Crawford, said, the company was thrilled to collaborate with Verve, expanding Google Play access for more Nigerians.

“The introduction of local payments with Verve cards is a significant milestone, enabling more Nigerians to participate in the app economy and access the apps they need,” she stated.

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Photo Credit: Getty

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