Naira crumbles further to dollar
Quick Read
An exchange rate of N452 to the dollar was the highest rate recorded within the day’s trading before it settled at N446.
By Lydia Ngwakwe
The naira on Thursday exchanged at N446 to the dollar at the Investors and Exporters window, a depreciation of 0.04 per cent, compared with the 445.83 it exchanged on Wednesday.
The open indicative rate closed at N445 to the dollar on Thursday.
An exchange rate of N452 to the dollar was the highest rate recorded within the day’s trading before it settled at N446.
The naira sold for as low as N439.98 to the dollar within the day’s trading.
A total of N231.20 million was traded at the official Investors and Exporters window on Thursday.
The Nigerian currency has been on a free fall in recent time and is even worse at the black market.
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