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

4 coaches capsize as Warri–Itakpe train derails

The Warri–Itakpe train derailed on Monday, with no fewer than four coaches capsizing. The Nigerian…

12 minutes ago

Bandits abduct 50 Zamfara community elders during peace meeting

No fewer than 50 elders of Magamin Diddi village in the Magami/Faru ward of Maradun…

36 minutes ago

Tinubu hosts Madagascar’s president in Abuja

President Bola Tinubu on Monday received Madagascar’s President Michael Randrianirina at the Presidential Villa in…

2 hours ago

Fighting terrorism is everyone’s responsibility — Tinubu

President Bola Tinubu has called on Nigerians to actively support security agencies in the fight…

3 hours ago

Police uncover fake kidnap plot, find woman in hotel with lover

A married woman identified as Oluchi has been found in a hotel in Delta State…

3 hours ago

Nigerian-British singer Talay Riley stabbed to death in UK

Nigerian-British Grammy-winning singer Mark Olayinka, fondly called Talay Riley, has died at the age of…

4 hours ago

This website uses cookies.