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Dip: Naira exchanges at N419.25 per dollar at official window

The dip represents 0.18 depreciation having exchanged at 418.50 per dollar on Tuesday.

• May 18, 2022
Emefiele, Naira/Dollar
Composite of Godwin Emefiele, Bureaux De Change Naira/Dollar used to illustrate the story

Nigeria’s currency, naira, slid further against the dollar on Wednesday, exchanging at 419.25 to the dollar at the Investors and Exporters window.

The dip represents 0.18 depreciation having exchanged at 418.50 per dollar on Tuesday.

The open indicative rate closed at N418.00 to the dollar on Wednesday.

An exchange rate of N444.00 to the dollar was the highest rate recorded within the day’s trading before it settled at N419.25.

The naira sold for as low as 410 to the dollar within the day’s trading.

A total of 201.34 million dollars was traded in foreign exchange at the official Investors and Exporters window on Wednesday. 

(NAN)

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