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

2027 polls: IG Disu promises Nigerians professional police conduct

Inspector-General of Police Olatunji Disu has assured Nigerians that the conduct of police personnel during…

11 minutes ago

Pope Leo faces recovery period after lung cancer surgery

Pope Leo XIV is expected to spend about a week in hospital recovering from surgery…

42 minutes ago

Ogun pig farmers lose N5bn to swine fever

Pig farmers in Ogun State have reported losses exceeding N5bn following an outbreak of African…

2 hours ago

IG Disu pledges stronger police support for Fubara in Rivers

Inspector-General of Police Olatunji Disu has pledged stronger security collaboration with the Rivers State Government…

3 hours ago

Nigeria unveils 65 investment opportunities to boost growth, jobs at IMF-World Bank meetings

Nigeria has unveiled 65 investment opportunities across key sectors to attract domestic and foreign investments,…

3 hours ago

Lagos averts disaster as 33,000-litre ethanol tanker crashes on bridge

A tanker carrying 33,000 litres of highly flammable ethanol fell on the Second Rainbow Bridge…

4 hours ago

This website uses cookies.