Naira slumps again, exchanges at N446 per dollar at I&E window
The naira on Wednesday depreciated against the dollar at the Investors and Exporters window, exchanging at N446.
The figure represents an appreciation of 0.11 per cent compared with N445.50 to the dollar it exchanged on Tuesday.
The open indicative rate closed at N444.17 to the dollar on Wednesday.
An exchange rate of N447 to the dollar was the highest rate recorded within the day’s trading before it settled at N446.
The naira sold for as low as 439.03 to the dollar within the day’s trading.
A total of 145.89 million dollars was traded in foreign exchange at the official Investors and Exporters window on Wednesday.
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
Chief of Army Staff Lt. Gen. Faruk Yahaya says Nigeria was currently witnessing one of the most challenging times in its history.
The suspect defrauded his victim under the pretence of selling one plot of land to her.
“If you think migrating legally is good for you, all well and good. By all means, go!”
British Business Minister Grant Shapps said on Monday that there was no excuse for journalists covering protests to be beaten by police.