Economy And Business

I&E: Naira Depreciates, Exchanges At 456.50 To Dollar

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Naira falls over the weekend and falls to 456.50.

 

Newsonline reports that the Naira, on Friday, was exchanged at 456.50 to the dollar at the Investors and Exporters window.

Also: I&E Window: Naira Drops Slightly To Dollar By 0.26%

 

The figure represented a decrease of 0.05 percent, compared with N456.25 it exchanged on Thursday, NAN reports.

The open indicative rate closed at N451.38 to the dollar on Friday.

 

An exchange rate of N452 to the dollar was the highest rate recorded within the day’s trading before it settled at N456.50.

The naira sold for as low as 440 to the dollar within the day’s trading.

A total of N155.86 million was traded at the official Investors and Exporters window on Friday.

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NewsOnline Editorial Team

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