Naira drops against Dollar at investors' window

the Naira

Naira and Dollars

By Lydia Ngwakwe.

The Naira depreciated at the Investors and Exporters window on Thursday after a two-day gain, exchanging at N420.50 to the dollar, a 0.12% depreciation against N420 traded on Wednesday.

On Thursday, the open indicative rate for the Nigerian naira was N419.82 per dollar.

The highest rate recorded during the day’s trading was N444.00 to the dollar before settling at N420.50.

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The Naira was sold for as low as N413 to the dollar within the day’s trading.

On Thursday, the official Investors and Exporters window saw a total of 136.35 million dollars traded in foreign exchange.

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