Business

Naira drops, exchanges at N446 to dollar

The naira, on Wednesday, depreciated against the dollar at the Investors and Exporters window, exchanging at N446.

The figure represents an appreciation of 0.11 per cent compared with N445.50 to dollar it exchanged on Tuesday.

The open indicative rate closed at N444.17 to the dollar on Wednesday.

READ ALSO: Naira redesign: No Nigerian’ll withdraw huge cash without prosecution — Emefiele

An exchange rate of N447 to the dollar was the highest rate recorded within the day’s trading before it settled at N446.

The naira sold for as low as N439.03 to the dollar within the day’s trading.

A total of $145.89 million was traded in foreign exchange at the official Investors and Exporters window on Wednesday.

The Star

Segun Ojo

Recent Posts

CBN orders banks to impose 0.5% cybersecurity levy on electronic transfers

The Central Bank of Nigeria (CBN) has ordered banks to start charging a 0.5 per…

34 mins ago

JAMB releases additional 531 UTME results

The Joint Admissions and Matriculation Board (JAMB) has released additional 531 results of the just…

2 hours ago

UBA nets N570.2bn earnings as profit hits N156.34bn in 3 months

The United Bank for Africa Plc (UBA) has announced gross earnings of N570.2 billion for…

2 hours ago

Kwara varsity promotes 17 lecturers to professors

The Governing Council of Kwara State University (KWASU) in the Malete area of the state…

4 hours ago

RCCG holds World Praise Day in Lagos

The World Praise Day programme has been slated for Tuesday, May 7, 2024, in Lagos…

4 hours ago

Gunmen kill one, kidnap travellers on Sagamu-Benin expressway

Gunmen suspected to be kidnappers have killed one person and abducted a yet-to-be-ascertained number of…

5 hours ago

This website uses cookies.