BUSINESS

Again, naira depreciates, exchanges at 422.50 to dollar

Published

3 years ago

June 9, 2022

Lydia Ngwakwe

The Naira on Thursday, depreciated at the Investors and Exporters window, exchanging at N422.50 to the dollar, a 0.54 per cent depreciation against N420.25 traded on Wednesday.

The open indicative rate closed at N420.26 to the dollar on Thursday.

An exchange rate of N444.00 to the dollar was the highest rate recorded within the day’s trading before it settled at N422.50.

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

A total of 153.71million dollars was traded in foreign exchange at the official Investors and Exporters window on Thursday.

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Lydia Ngwakwe

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