BUSINESS

Naira falls against dollar, exchanges N465.13 at investors, exporters window

Published

2 years ago

May 17, 2023

Lydia Ngwakwe

The Naira depreciated against the dollar on Wednesday, exchanging for N465.13 at the investors’ and exporters’ window.

The rate represented a decrease of 0.10 per cent when compared to the N464.67 it exchanged for the dollar on Tuesday.

The open indicative rate closed at N463.73 to the dollar on Tuesday.

A spot exchange rate of N466.89 was the highest rate used for trading within the day before it settled at N465.13..

Spot exchange rate is determined instantly.

The Naira sold for as low as N460 to the dollar within the day’s trading.

A total turnover of 267.04 million dollars was traded at the official Investors’ and Exporters’ window.

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Lydia Ngwakwe

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