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Naira drops after remaining stable for sometime

The naira sold for as low as 460 to the dollar within the day’s trading.
Naira and Dollars
Naira and Dollars

Naira on Thursday depreciated against the dollar at the Investors and Exporters window, exchanging N469.50 to dollar.

The local currency showed a 1.04 per cent decrease when compared with ₦464.67 it exchanged for the dollar on Wednesday.

The open indicative rate closed at ₦468.94 to the dollar on Thursday.

An exchange rate of ₦476.50 to the dollar was the highest rate recorded within the day’s trading before it settled at ₦469.50.

The naira sold for as low as 460 to the dollar within the day’s trading.

A total of $74.18 million dollars was traded at the official Investors and Exporters window on Thursday. 

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