BUSINESS

Naira extends losses to dollar at Investors and Exporters window

Published

2 years ago

August 24, 2022

Lydia Ngwakwe

Naira exchanges at N359.4 to dollar at parallel market

The Naira on Wednesday weakened for the third day against the dollar at the Investors and Exporters window, exchanging at N431.

The figure represented a decrease of 0.08 per cent, compared with N430.67 it exchanged for the dollar on Tuesday.

The open indicative rate closed at N428. 67 to the dollar on Wednesday.

An exchange rate of N444 to the dollar was the highest rate recorded within the day’s trading before it settled at N431.

The Naira sold for as low as N417 to the dollar within the day’s trading.

A total of 131.30 million dollars was traded in foreign exchange at the official Investors and Exporters window on Wednesday.

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