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

Tinubu fulfils Birnin Gwari road promise — Uba Sani

Kaduna State Governor, Uba Sani, has commended President Bola Tinubu for fulfilling his campaign promise…

7 hours ago

Zenith Bank confirms cyberattack, says limited customer data compromised

Zenith Bank has confirmed that hackers breached its database, resulting in the compromise of limited…

7 hours ago

Tinubu unveils Africa’s first Renewable Energy College

President Bola Tinubu has declared that Nigeria is poised to lead Africa's renewable energy revolution…

8 hours ago

I’m CR7’s die-hard fan — Davido

Afrobeats superstar David Adeleke, popularly known as Davido, has revealed that he is a devoted…

8 hours ago

Nigeria to spend N924bn on Army, Navy, Air Force personnel’s salary

The Federal Government of Nigeria is to spend N924 billion yearly as salary bill for…

8 hours ago

Lagos govt empowers 40,000 residents with business tools to boost SMEs

Lagos State Governor Babajide Sanwo-Olu on Tuesday said his administration has empowered about 40,000 residents…

8 hours ago

This website uses cookies.