BREAKING: Naira recovers some of its lost values against US dollar 

The Nigerian Naira has recorded slight improvement in its value against the US dollar, after experiencing a decline before the suspension of CBN Governor, Godwin Emefiele. 

A fact-check by MOUTHPIECE NGR indicated that the naira closed at N664.04 per dollar at the investors and exporters (I&E) window on Wednesday. 

It was gathered that he local currency was initially quoted between N750 and N755 per dollar before appreciating to close at N664.04 to the greenback.

The I&E foreign exchange (FX) window is the country’s official exchange rate trading platform. It is a segment for investors, exporters, and end-users, which allows for FX trades to be made at exchange rates determined based on prevailing market realities.

According to data from FMDQ OTC Securities Exchange, the local currency opened at N471.67 to the dollar, depreciating to N755 after the float, then recovering to N664.04 at the close of business.

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