Naira loses again, exchanges at N450.58 to $1
The naira on Wednesday exchanged at N450.58 to $1 at the Investors and Exporters window.
The figure represents a depreciation of 0.94 per cent, compared with N446.38 it exchanged on Tuesday.
The open indicative rate closed at 447.92 to the dollar on Wednesday.
An exchange rate of N452 to $1 was the highest rate recorded within the day’s trading before it settled at N450.58.
The naira sold for as low as N426 to the dollar within the day’s trading.
On Wednesday, at the official Investors and Exporters window, N141.92 million was traded.
(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.”
NationWide
Lagos deputy governor, APC state chairmen hail Tinubu’s visionary leadership
Mr Hamzat described Mr Tinubu as an inclusive leader who encouraged innovation and welcomed superior ideas irrespective of their source.
NationWide
2027: Pray for Nigeria, vote credible leaders, ex-Niger CAN chairman urges votersÂ
Mr Echioda urged eligible Nigerians to participate actively by voting for competent, God-fearing, and credible candidates with proven records of service.
Hot news Home top
CNPP demands sacking of Tinubu, Gbajabiamila, others over PFIPC scandal
The CNPP described the handling of the scandal as embarrassing.
Heading 3
Mexico players return Rolex watches gifted by YouTuber Stevewilldoit
Mexico will face England in the last 16 in Mexico City on Monday, as they seek to reach the World quarter-finals for the first time in 40 years.
States
Ex-Ogun governor Gbenga Daniel’s wife loses 93-year-old motherÂ
The statement noted, “She was a devoted Christian of the Baptist denomination until her passing, and her life stood as a quiet testament to devotion, family, and enduring values.”
States
British Fencing president predicts wider medal spread at Lagos Commonwealth Championships
The British Fencing president also commended the Nigeria Fencing Federation for its progress in organising international competitions over the past five years.
