BUSINESS

Naira depreciates marginally, exchanges at N429.43 to dollar

Published

2 years ago

August 22, 2022

Lydia Ngwakwe

Naira exchanges at N359.4 to dollar at parallel market

The Naira on Monday depreciated marginally against the dollar at the Investors and Exporters window, exchanging at N429.43.

The figure represented a decrease of 0.09 per cent, against N429. 05 at the close of business on Aug. 19.

The open indicative rate closed at N429.07 to the dollar on Monday.

An exchange rate of N432 to the dollar was the highest rate recorded within the day’s trading before it settled at N429.43.

The Naira sold for as low as N415 to the dollar within the day’s trading.

A total of 161.94 million dollars was traded in foreign exchange at the official Investors and Exporters window on Monday.

Related Topics:

Up Next

Expert calls for robust regulation for digital money lenders

Don't Miss

Selloffs: Investors lose N13bn on NGX

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.