The naira depreciated against the dollar on Monday, May 15, exchanging for N464 at the Investors and Exporters’ window.
The rate represented a decrease of 0.36 per cent when compared to the N462.33 it exchanged at the close of business on May 12.
The open indicative rate closed at N463.50 to the dollar on Monday.
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A spot exchange rate of N467 was used for trading within the day before it settled at N464.
Spot exchange rate was determined instantly.
The naira sold for as low as N460 to the dollar within the day’s trading.
A total turnover of $55.10 million was traded at the official Investors and Exporters’ window.
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