BUSINESS

Naira falls; exchanges at N782.38 to dollar

Published

1 year ago

August 10, 2023

Lydia Ngwakwe

Naira exchanges at N359.4 to dollar at parallel market

Naira depreciated against the dollar on Wednesday as it exchanged at N782.38 at the Investors and Exporters window.

It lost by 3.38 per cent when compared with N757.51 for which it exchanged for the dollar on Tuesday.

The open indicative rate closed at N778.49 to the dollar on Wednesday.

A spot exchange rate of N800 to the dollar was the highest rate recorded within the day’s trading before it settled at N782.38.

The Naira sold for as low as N730 to the dollar within the day’s trading.

A total of 60.26 million dollars was traded at the investors and exporters window on Wednesday.

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