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

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