Business

Naira falls to dollar, exchanges at N461.67

The naira, on Thursday, depreciated against the dollar at the Investors and Exporters window, exchanging at N461.67.

The rate represented a decrease of 0.04 per cent compared to the N461.50 for which it exchanged to the dollar on Wednesday.

The open indicative rate closed at N461.25 to the dollar on Thursday.

READ ALSO: Naira scarcity: Reps order CBN, banks to overhaul online, transfer platforms

An exchange rate of N462.50 to the dollar was the highest rate recorded within the day’s trading before it settled at N461.67.

The naira sold for as low as N460 to the dollar within the day’s trading.

A total of $80.03 million was traded at the official Investors and Exporters window.

The Star

Segun Ojo

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