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Naira depreciates by 0.15%, exchanges at 446.67 to dollar

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Naira exchanges at N359.4 to dollar at parallel market

The Naira on Tuesday exchanged at N446.67 to the dollar at the Investors and Exporters window, a depreciation of 0.15 per cent, compared with N446 to the dollar it exchanged on Monday.

The open indicative rate closed at N443.90 to the dollar on Tuesday.

An exchange rate of N447 to the dollar was the highest rate recorded within the day’s trading before it settled at N446.67.

The Naira sold for as low as N432 to the dollar within the day’s trading.

A total of 84.89 million dollars was traded at the official Investors and Exporters window on Tuesday.

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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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