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

KASU-ASUU: Kaduna sets up panel, approves N300m

The Kaduna State Government has constituted a nine-member committee to negotiate and review the demands…

4 hours ago

Seven killed in Lagos-Ibadan Expressway crash

Seven people have been killed and two others injured in a multiple-vehicle crash along the…

4 hours ago

NNPC, partners sign agreements for $21bn Bonga Southwest project

The Nigerian National Petroleum Company (NNPC) Limited and its partners on Oil Mining Lease 118…

5 hours ago

Edo Assembly impeaches suspended Speaker Agbebaku

The Edo State House of Assembly has formally impeached its suspended Speaker, Blessing Agbebaku, eight…

5 hours ago

Tinubu flags off Ibadan-Ijebu-Ode road, approves Abeokuta-Ibadan dualisation

President Bola Tinubu has flagged off the reconstruction and dualisation of the 58-kilometre Ibadan-Ijebu-Ode Road…

5 hours ago

U.S. awards $125,000 grant to preserve 4,000-year-old Lejja iron-smelting site

The United States government has awarded a $125,000 grant to the Centre for Memories in…

6 hours ago

This website uses cookies.