Naira drops after remaining stable for sometime

Fri, Jun 9, 2023

1 MIN READ

Economy

NAIRA on Thursday depreciated against the dollar at the Investors and Exporters window, exchanging N469.50 to dollar.

The local currency showed a 1.04 per cent decrease when compared with N464.67 it exchanged for the dollar on Wednesday.

The open indicative rate closed at N468.94 to the dollar on Thursday.

An exchange rate of N476.50 to the dollar was the highest rate recorded within the day’s trading before it settled at N469.50.

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

A total of $74.18 million dollars was traded at the official Investors and Exporters window on Thursday. (NAN)

Tags: Naira drops

GOV. Mai Mala Buni of Yobe, has approved the payment of N70,000 new minimum wage for civil servants in the...

THE Independent Corrupt Practices and Other Related Offences Commission (ICPC) has commenced the tracking of more than N10 billion constituency...

ONLY 900 persons will be picked from the list of more than 15,000 who applied for recruitment into the Oyo...

Subscribe to Our Newsletter

Keep abreast of news and other developments from our website.