Naira Loses By 1.26% at Investors, Exporters Window

The Naira on Friday depreciated against the dollar, exchanging at N777.82 at the Investors and Exporters window.

The Naira lost by 1.26 per cent when compared with N768.16 for which it exchanged for the dollar on Thursday.

The open indicative rate closed at N779.58 to the dollar on Friday.

A spot exchange rate of N844 to the dollar was the highest rate recorded within the day’s trading before it settled at N777.82.

The Naira sold for as low as N700 to the dollar within the day’s trading.

A total of 77.99 million dollars was traded at the investors and exporters window on Friday.


Discover more from LN247

Subscribe to get the latest posts sent to your email.

Advertisement

Most Popular This Week

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More from Author

Advertisement

Read Now

5 Cost-Saving Strategies for Christmas in Nigeria

The festive season in Nigeria is a time of joy and celebration, but it can also lead to significant expenses. To help you enjoy the holidays without straining your finances, here are five practical tips to save costs this Christmas: Create a Comprehensive Budget Start by drafting a detailed...

How Nigeria’s N50 Fintech Levy Is Shaping The Future Of Digital Finance And Economic Growth

The N50 levy imposed on fintech transactions in Nigeria has sparked a wide-ranging debate about its potential impacts on the country's rapidly growing financial technology sector. As fintech companies continue to revolutionize how Nigerians access and manage financial services, this tax raises important questions about its broader...

CBN Begins Sales of Dollars To BDCs Operators

The Central Bank of Nigeria has announced its decision to sell foreign exchange worth $20,000 to each eligible Bureau De Change operator across the country. This is coming more than two years after the suspended former CBN governor, Godwin Emefiele, stopped the sales of foreign exchange to BDC...

Discover more from LN247

Subscribe now to keep reading and get access to the full archive.

Continue reading