BUSINESS

Again, naira drops at Investors and Exporters window

Published

2 years ago

July 29, 2022

Lydia Ngwakwe

The Naira on Friday depreciated against the dollar at the Investors and Exporters window, exchanging at N429.

The figure represented an increase of 0.66 per cent compared with the N426.20 it exchanged for the dollar on Thursday.

The open indicative rate closed at N428.10 to the dollar on Friday.

An exchange rate of N444 to the dollar was the highest rate recorded within the day’s trading before it settled at N429.

The Naira sold for as low as N406 to the dollar within the day’s trading.

A total of 59.59 million dollars was traded in foreign exchange at the official Investors and Exporters’ window on Friday.

Related Topics:

Up Next

FBN Holdings records N359.2bn gross earnings in 6 months

Don't Miss

H1 2022: Unity Bank posts N27.6bn gross earnings

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.