Business

Naira drops against dollar, exchanges at N747.87

The naira depreciated against the dollar on Monday, September 4, 2023, as it exchanged at N747.87 at the investors and exporters window.

The naira dropped by 1.01 per cent compared to the N740.38 it exchanged for the dollar after the close of business on Friday, September 1.

The open indicative rate closed at N772.06 to the dollar on Monday.

READ ALSO: Naira gains against dollar at investors, exporters window

A spot exchange rate of N799.90 to the dollar was the highest rate recorded within the day’s trading before it settled at N747.87.

The naira sold for as low as N730 to the dollar within the day’s trading.

A total of $74.64 million dollars traded at the investors and exporters window on Monday.

The Star

Segun Ojo

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