News

Again, naira drops at Investors and Exporters window

The naira, on Friday, depreciated against the dollar at the Investors and Exporters window, exchanging at N429.

The figure represented an increase of 0.66 per cent compared with the N426.20 it exchanged for the dollar on Thursday.

The open indicative rate closed at N428.10 to the dollar on Friday.

READ ALSO: EFCC raids BDC offices in Abuja over naira devaluation

An exchange rate of N444 to the dollar was the highest rate recorded within the day’s trading before it settled at N429.

The naira sold for as low as N406 to the dollar within the day’s trading.

A total of $59.59 million was traded in foreign exchange at the official Investors and Exporters window on Friday.

The Star

Segun Ojo

Recent Posts

19-year-old Mensik shocks Djokovic to win Miami Open

Czech teenager Jakub Mensik upset Novak Djokovic 7-6 (7/4), 7-6 (7/4) to win the Miami…

1 hour ago

Trump: Upcoming U.S. tariffs’ll hit all countries

United States President Donald Trump says the tariffs he plans to impose in the coming…

2 hours ago

Eid-el-Fitr: 2 children die, 20 injured in Gombe stampede

Two children have been confirmed dead, while 20 other persons were injured in a stampede…

2 hours ago

Tinubu: I threatened to sack Wike if…

President Bola Tinubu has disclosed that he threatened to sack the Minister of the Federal…

2 hours ago

Tinubu: How Wike asked me to remove FCT from TSA for devt

President Bola Tinubu has explained that the Minister of the Federal Capital Territory, Nyesom Wike,…

12 hours ago

Man City to play N’Forest as Crystal Palace face Aston Villa in FA Cup semi-finals

Manchester City will face Nottingham Forest in the FA Cup semi-finals while Crystal Palace will…

14 hours ago