Naira exchanges at 702.19 to dollar at investors, exporters window
The naira on Thursday lost against the dollar at the Investors and Exporters window, exchanging N702.19 to the dollar.
The local currency depreciated by 5.75 per cent when compared with N664.04 for which it exchanged for the dollar on Wednesday.
The open indicative rate stood at N658.50 to the dollar on Thursday.
An exchange rate of N791 to the dollar was the highest rate recorded within the day’s trading before it settled at N702.19.
The naira sold for as low as 461 to the dollar within the day’s trading.
A total of $70.72 million was traded at the official Investors and Exporters window on Thursday.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Agriculture
FG’s fertiliser distribution boosts farmers’ productivity in Kano: AFAN
The federal government’s fertiliser and farm-input interventions have improved farmers’ productivity and livelihoods in Kano, says AFAN.
Economy
Scrap scavengers seek stronger recycling policies in Lagos
Scrap scavengers in Lagos have called for stronger implementation of recycling policies to improve livelihoods and create cleaner communities.
Politics
Akwa Ibom: PDP governorship candidate urges youths to prioritise education
The Peoples Democratic Party governorship candidate in Akwa Ibom, Emem Coffie, has urged Nigerian youths not to abandon education in pursuit of quick success.
Economy
BPP boss advises civil servants on post-retirement plan
Adebowale Adedokun, director-general of the Bureau of Public Procurement, has advised civil servants to develop business plans for life after retirement.
States
Two killed in stampede as Gov Bago allegedly distributes cash in Government House
At least two people, including a child, have been killed in a stampede during an event involving Governor Umar Bago in Minna. Several others were injured.
Economy
Summit seeks more role for women in economic decisions, influence
The Executive Women’s Summit has called for a shift from gender representation to greater participation, influence and economic authority for women in corporate organisations.
