Business

Naira drops against dollar by 0.04%

The naira depreciated at the Investors and Exporters window on Wednesday, May 31, exchanging at N464.67 to the dollar.

The local currency showed a 0.04 per cent decrease when compared with the N464.50 to the dollar it traded on Tuesday.

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

READ ALSO: Naira appreciates, exchanges at N464.50 against dollar

An exchange rate of N467 to the dollar was the highest rate recorded within Wednesday’s trading before it settled at N464.67.

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

A total of $163.74 million was traded at the official Investors and Exporters window on Wednesday.

The Star

Segun Ojo

Recent Posts

Police rescue abducted toddler in Kano, arrest three suspects

The Nigeria Police Force in Kano State has rescued a two-year-old boy who was abducted…

49 minutes ago

NAF airstrikes hit terrorist enclaves in Borno

The Nigerian Air Force (NAF) says it has destroyed terrorist hideouts in the Southern Tumbuns…

54 minutes ago

Latest developments in Middle East war

United States negotiators are scheduled to leave for Pakistan on Saturday, April 25, 2026, as…

1 hour ago

Stock market closes week with N1.8trn gain

The Nigerian stock market sustained its upward momentum on Friday, April 24, 2026, closing the…

2 hours ago

UBA total assets rise to N33.2trn as gross earnings hit N3.09trn in one year

United Bank for Africa (UBA) Plc has announced its audited financial results for the year…

2 hours ago

UBA posts N801.5bn gross earnings as shareholders’ funds hit N4.3trn

United Bank for Africa (UBA) Plc has reported strong first-quarter 2026 performance, with solid growth…

3 hours ago

This website uses cookies.