Business

Naira drops against dollar by 0.46%

The naira depreciated against the dollar on Monday, exchanging for N463.50 at the Investors and Exporters window.

The rate represented a decrease of 0.46 per cent when compared to the N461.38 it exchanged to the dollar at the close of business on March 31.

The open indicative rate closed at N461.80 to the dollar on Monday.

READ ALSO: Naira scarcity: Queues disappear as bank ATMs dispense cash to customers

A spot exchange rate of N466 was used for trading within the day before it settled at N463.50.

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 $175.40 million was traded at the Investors and Exporters window.

The Star

Segun Ojo

Recent Posts

Ekiti election: Oyebanji lauds voter turnout, expresses optimism for victory

Ekiti State Governor Biodun Oyebanji has commended voters for their participation in Saturday’s governorship election…

2 hours ago

How Davido gifted Daverel new car amid online criticism

Content creator and influencer Davrel has claimed that Afrobeats star Davido gifted him a new…

2 hours ago

6 die in Lagos-Ibadan expressway accident

No fewer than six persons have been confirmed dead in an accident at the Ibadan…

2 hours ago

‘Without music, I’d be unemployed’ — Ayra Starr

Nigerian singer Ayra Starr has revealed that she believes she would be unemployed and still…

2 hours ago

FUOYE suspends two students over cyberbullying of ex-SUG president

The management of the Federal University Oye-Ekiti has suspended two students over allegations of cyberbullying…

3 hours ago

Ondo by-election: APC candidate hails voter turnout, peaceful conduct

The All Progressives Congress (APC) candidate for the Ondo South Senatorial District by-election, Prof. Dayo…

5 hours ago

This website uses cookies.