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Naira loses to dollar by 0.21% at Investors and Exporters window

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The Naira on Monday lost to the green back at the Investors and Exporters window, after closing on a positive note on June 24.

The local currency exchanged at N421.00 to the dollar, against N420.12 traded before the close of business on June 24, a 0.21 per cent depreciation.

The open indicative rate closed at N420.50 to the dollar on Monday.

An exchange rate of N444.00 to the dollar was the highest rate recorded within the day’s trading before it settled at N421.00

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

A total of 152.96 million dollars was traded in foreign exchange at the official Investors and Exporters window on Monday.

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.

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