Business

Naira loses, exchanges at N462 to dollar

The naira, on Monday, exchanged at N462 to the dollar at the Investors and Exporters window.

The figure represented a depreciation of 0.18 per cent compared with the N461.17 it exchanged for at the close of business on February 24.

The open indicative rate closed at N461.35 to the dollar on Monday.

READ ALSO: Naira gains, exchanges at N461.17 to dollar

An exchange rate of N462.05 to the dollar was the highest rate recorded within the day’s trading before it settled at N462.

The Naira sold for as low as N446 to the dollar within the day’s trading.

A total of $54.37 million was traded at the official Investors and Exporters window on Monday.

The Star

Segun Ojo

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