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Naira loses to dollar by 0.13%

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Naira exchanges at N359.4 to dollar at parallel market

The Naira depreciated against the dollar at the Investors and Exporters window on Thursday, exchanging at N430.

The figure represents a further depreciation of 0.13 per cent when compared with N429.44 for which the dollar exchanged on Wednesday.

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

An exchange rate of N437 to the dollar was the highest rate recorded within the day’s trading before it settled at N430.

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

A total of 74.68 million dollars was traded in foreign exchange at the Investors and Exporters window on Thursday.

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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