BUSINESS

Naira loses against dollar, exchanges at 420.50

Published

2 years ago

June 16, 2022

Lydia Ngwakwe

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

The open indicative rate closed at N419.82 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 N420.50

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

A total of 136.35 million dollars was traded in foreign exchange at the official Investors and Exporters window on Thursday.

Related Topics:

Up Next

Buhari approves upward review of oil transporters freight rate

Don't Miss

Equities market declines further on profit taking

Lydia Ngwakwe

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective. A unique organization, founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favour. The Verge Communications is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.