Naira loses marginally, weakens against Dollar

the Naira

Naira and Dollar

By Lydia Ngwakwe

The Nigerian currency, Naira, has weakened against the U.S Dollar, exchanging at N461.50 at the Investors’ and Exporters’ window.

The figure represented a decrease of 0.05 per cent compared with the N461.25 it exchanged after the close of business on Feb. 18.

The open indicative rate closed at N461.60 to the dollar on Monday.

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An exchange rate of N462.06 to the dollar was the highest rate recorded within the day’s trading before it settled at N461.50.

The Naira sold for as low as N440 to the dollar within the day’s trading.

A total of 40.28 million dollars was traded at the official Investors and Exporters window on Monday.


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