Business

Naira drops against dollar by 0.17%

The naira depreciated against the dollar on Wednesday, May 10, exchanging for N463.02 at the Investors and Exporters window.

The rate represents a decrease of 0.17 per cent when compared to the N462.25 it exchanged to the dollar on Tuesday.

The open indicative rate closed at N463 to the dollar on Wednesday.

READ ALSO: Naira appreciates slightly against dollar

A spot exchange rate of N467 was used for trading within the day before it settled at N463.02.

Spot exchange rate is determined instantly.

The naira sold for as low as N460 to the dollar within the day’s trading.

A total turnover of $178.68 million was traded at the official Investors and Exporters window.

The Star

Segun Ojo

Recent Posts

65-year-old arrested as troops disrupt Boko Haram-linked cannabis network in Borno

Troops of the Joint Task Force (North East), under Operation HADIN KAI, have disrupted a…

37 minutes ago

Brazilian woman arrested with N3bn heroin at Abuja Airport

The National Drug Law Enforcement Agency (NDLEA) has intercepted a 30-year-old Brazilian woman attempting to…

1 hour ago

NDLEA cracks down on drug traffickers, intercepts explosive

The National Drug Law Enforcement Agency (NDLEA) has intensified its operations across Nigeria, arresting dozens…

1 hour ago

Nnamdi Kanu granted Honorary US Citizenship, named Georgia Goodwill ambassador

Mazi Nnamdi Kanu, leader of the Indigenous People of Biafra (IPoB) currently serving a life…

1 hour ago

Battle for Awujale: Ogun denies suspension of Ijebu chiefs

The Ogun State Ministry of Local Government and Chieftaincy Affairs, alongside the Ijebu Ode Local…

3 hours ago

Seun Kuti to Wizkid: ‘Remove my father’s tattoo or lose use of that hand’

The ongoing social media clash involving Afrobeat musician Seun Kuti and Grammy-winning singer Wizkid shows…

3 hours ago

This website uses cookies.