Business

Naira drops against dollar, exchanges at N778.42

The naira depreciated against the dollar on Friday, August 25, 2023, as it exchanged at N778.42 at the investors and exporters window.

The naira lost by 0.87 per cent compared to the N771.69 it exchanged for the dollar on Thursday.

The open indicative rate closed at N773.29 to the dollar on Friday.

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 N778.42.

The naira sold for as low as N700 to the dollar within the day’s trading.

A total of $73.80 million was traded at the investors and exporters window on Friday.

The Star

Segun Ojo

Recent Posts

Elumelu lauds Tinubu’s reforms, says Nigeria’s forex market now stable

The Chairman of Heirs Holdings, Tony Elumelu, says Nigeria’s foreign exchange market is now experiencing…

7 minutes ago

Elumelu visits Tinubu in Aso Rock

The Chairman of the United Bank for Africa (UBA), Tony Elumelu, on Friday paid a…

41 minutes ago

Reps grant 7-day extension in probe of port, airport concession deals

The House of Representatives Ad-hoc Committee investigating concession agreements in Nigeria’s air and seaport sectors…

1 hour ago

Wike inspects FCT Magistrate Court projects, sets June deadline for completion

The Minister of the Federal Capital Territory, Nyesom Wike, has expressed satisfaction with the progress…

3 hours ago

Naira mutilation: Kannywood actress Samha Inuwa bags six months imprisonment

Justice S. M. Shuaibu of the Federal High Court sitting in Kano has convicted and…

3 hours ago

Tinubu heads to Kebbi for project inaugurations, cultural fiesta

President Bola Tinubu will embark on a one-day official visit to Kebbi State on Saturday…

3 hours ago

This website uses cookies.