Business

Naira loses again, exchanges at N450.58 to dollar

The naira, on Wednesday, exchanged at N450.58 to the dollar at the Investors and Exporters window.

The figure represents a depreciation of 0.94 per cent, compared with N446.38 it exchanged on Tuesday.

The open indicative rate closed at N447.92 to the dollar on Wednesday.

READ ALSO: PHOTOS: El-Rufai launches Kaduna Bus Rapid Transit project

An exchange rate of N452 to the dollar was the highest rate recorded within the day’s trading before it settled at 450.58.

The naira sold for as low as 426 to the dollar within the day’s trading.

A total of N141.92 million was traded at the official Investors and Exporters window on Wednesday.

The Star

Segun Ojo

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