Business

Naira drops against dollar, exchanges at N775.34

The naira depreciated against the dollar on Tuesday, August 29, 2023, as it exchanged at N775.34 at the investors and exporters window.

The naira lost by 0.42 per cent compared to the N772.12 it exchanged for the dollar on Monday.

The open indicative rate closed at N769.66 to the dollar on Tuesday.

READ ALSO: Naira drops against dollar, exchanges at N778.42

A spot exchange rate of N799.90 to the dollar was the highest rate recorded within the day’s trading before it settled at N775.34.

The naira sold for as low as N701 to the dollar within the day’s trading.

A total of $71.32 million was traded at the investors and exporters window on Tuesday.

The Star

Segun Ojo

Recent Posts

Sahel Confederation says Nigerian military plane violated Burkina Faso airspace

The Confederation of the States of the Sahel (AES) has accused Nigeria of violating Burkina…

19 minutes ago

ICPC, ministry of works launch audit of 760 federal road projects worth N36trn

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the Federal Ministry of…

54 minutes ago

ICPC secures 7-year jail term for NSCDC officer over fraudulent promotion

Nigeria Security and Civil Defence Corps (NSCDC) officer, Hassan Abdullahi, has been sentenced to a…

55 minutes ago

FEF: NUPRC faults ‘misinformation campaign,’ releases $185m, N14.9bn

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has moved to counter what it describes as…

56 minutes ago

Why I stopped sponsoring pilgrimages to Mecca, Jerusalem — Osoba

Former Ogun State Governor, Chief Olusegun Osoba, has explained why he discontinued the state’s sponsorship…

57 minutes ago

SSANU issues strike ultimatum over marginalisation, unpaid N50bn allowances

The Senior Staff Association of Nigerian Universities (SSANU) has threatened to shut down public universities…

58 minutes ago

This website uses cookies.