Business

Naira drops against dollar, exchanges at N771.59

The naira, on Wednesday, September 6, 2023, depreciated against the dollar as it exchanged at N771.59 at the investors and exporters window.

The naira lost 3.57 per cent compared to the N744.97 it exchanged for the dollar on Tuesday.

The open indicative rate closed at N766.67 to the dollar on Wednesday.

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 N771.59.

The naira sold for as low as 705 to the dollar within the day’s trading.

A total of $65.30 million was traded at the investors and exporters window on Wednesday.

The Star

Segun Ojo

Recent Posts

Police arrest notorious Kano thug Ta’ambo

The Kano State Police Command has arrested a 25-year-old suspected thug, Umar Usman, popularly known…

3 hours ago

Obi accuses ruling party of destabilising opposition after ADC court ruling

The presidential candidate of the Nigeria Democratic Congress (NDC), Peter Obi, has accused the ruling…

4 hours ago

Court dismisses case against Dangote’s refinery in Kenya

A tribunal has dismissed a consumer rights organisation's challenge to billionaire businessman Aliko Dangote's planned…

4 hours ago

JAMB bars unqualified CBT centres from hosting 2027 UTME

The Joint Admissions and Matriculation Board (JAMB) has warned that only Computer-Based Test (CBT) centres…

4 hours ago

Five Ethiopians executed in Saudi Arabia over drug smuggling

Saudi Arabia has executed five Ethiopian nationals for smuggling hashish into the kingdom, bringing the…

5 hours ago

Tinubu to attend APC campaign rallies in Akwa Ibom, Rivers

President Bola Tinubu will attend All Progressives Congress (APC) campaign rallies in Akwa Ibom and…

5 hours ago

This website uses cookies.