BUSINESS

Naira loses again against dollar, exchanges at N434.75

Published

2 years ago

September 6, 2022

Lydia Ngwakwe

The Naira on Monday depreciated against the dollar at the Investors and Exporters window, exchanging at N434.75.

The figure represents a decrease of 0.75 per cent, compared with N431.50 to the dollar at the close of business Sept. 2.

The open indicative rate closed at N431.30 to the dollar on Monday.

An exchange rate of N437.50 to the dollar was the highest rate recorded within the day’s trading before it settled at N434.75.

The Naira sold for as low as N425 to the dollar within the day’s trading.

A total of 99.68 million dollars was traded at the official Investors and Exporters window on Monday.

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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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Naira loses again against dollar, exchanges at N434.75

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