Naira depreciates further, exchanges N464.42 to dollar

Wed, May 24, 2023

1 MIN READ

Economy

THE Naira on Tuesday depreciated at the Investors and Exporters window, exchanging at N464.42 to the dollar, a 0.20 per cent decrease against N463.50 traded on Monday.

The open indicative rate closed at N464.10 to the dollar on Tuesday.

An exchange rate of N632 to the dollar was the highest rate recorded within the day’s trading before it settled at N464.42.

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

A total of 215.91 million dollars was traded at the official Investors and Exporters window. (NAN)

Tags: Naira depreciates further

Naira gains as CBN reforms show impact

THE Naira appreciated in the official market on Friday, trading at N1,492.49 against the Dollar. Data from the Central Bank...

Nigeria’s GDP Q4’24: A Strong finish, but challenges linger

NIGERIA’S economy wrapped up 2024 on a strong note, with GDP growing 3.84% in Q4’24, according to the National Bureau...

Nigeria’s inflation rate drops to 24.48% in January- NBS

THE National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate declined to 24.48 per cent in January 2025. This...

Subscribe to Our Newsletter

Keep abreast of news and other developments from our website.