Business

Naira drops against dollar by 0.93%

The naira, on Friday, July 28, 2023, ended the week losing against the dollar, exchanging at N775.76, at the investors and exporters window.

The local currency lost 0.93 per cent when compared with N768.60 which it exchanged for the dollar on Thursday.

The open indicative rate closed at N776.74 to the dollar on Thursday.

READ ALSO: Naira gains, exchanges at N740.08 against dollar

A spot exchange rate of N799.50 to the dollar was the highest rate recorded within the day’s trading before it settled at N775.76.

The naira sold for as low as N465 to the dollar within the day’s trading.

A total of $54.18 million was traded at the investors and exporters window on Friday.

The Star

Segun Ojo

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