Business

Naira slumps at Investors and Exporters’ window

The Naira depreciated against the dollar at the Investors and Exporters’ Window on Thursday exchanging at N424.62 to the dollar.

The figure represented an appreciation of 0.01 per cent compared with N424.58 for which it exchanged for the dollar on Wednesday.

The open indicative rate closed at N424.30 to the dollar on Thursday.

An exchange rate of N444 to the dollar was the highest rate recorded within the day’s trading before it settled at N424.62.

The Naira sold for as low as N414 to the dollar within the day’s trading.

A total of $87.95 million was traded in foreign exchange at the official Investors and Exporters Window.

The Star

Editor

Recent Posts

EFCC arraigns Lagos businesswoman over N1.8bn fraud

The Economic and Financial Crimes Commission (EFCC) has arraigned a businesswoman, Titilayo Eboh, before the…

7 hours ago

IWD: Zenith Bank MD charges women on professional growth

The Group Managing Director of Zenith Bank Plc, Dr Adaora Umeoji, has urged women to…

7 hours ago

FG approves N9.99bn for HIV drugs, cancer centres upgrade

The Federal Government has approved N9.99bn for the procurement of antiretroviral (ARV) medicines for people…

7 hours ago

FG, GIZ move to enforce solar mini-grid standards

The Federal Government has intensified efforts to sanitise Nigeria’s fast-growing renewable energy sector as the…

8 hours ago

Lagos rolls out 2026 land use charge, dangles 15% early bird discount

The Lagos State Government has released the 2026 Land Use Charge (LUC) bills, reaffirming its…

8 hours ago

NPF won’t be eradicated for state police — IGP

The Inspector-General of Police (IGP), Olatunji Disu, has clarified that state police would not replace…

8 hours ago

This website uses cookies.