Again, naira drops against dollar by 0.14%

A spot exchange rate of ₦467 was used for trading within the day before it settled at ₦464.67.

The Naira depreciated against the dollar on Tuesday, exchanging for ₦464.67 at the investors’ and exporters’ window.

The rate represents a decrease of 0.14 percent when compared to the ₦464 it exchanged for the dollar on Monday.

The open indicative rate closed at ₦463.96 to the dollar on Tuesday.

A spot exchange rate of ₦467 was used for trading within the day before it settled at ₦464.67.

Spot exchange rate is determined instantly.

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

A total turnover of US$ 127.72 million was traded at the official Investors’ and Exporters’ window.

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Source: Pulse Nigeria | Read More