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Naira drops against dollar at investors, exporters window

June 28, 2023

The naira, on Tuesday, June 27, dropped further, exchanged for N763 against the dollar at the Investors and Exporters window.

The naira depreciated by 0.67 per cent when compared with N768.17 for which it exchanged for the dollar at the close of business on Monday.

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The open indicative rate closed at N760.50 to the dollar on Tuesday.

An exchange rate of N841 to the dollar was the highest rate recorded within the day’s trading, before settling at N763.

The naira sold for as low as 467 to the dollar within the day’s trading.

A total of $245.65 million was traded at the official Investors and Exporters window on Tuesday.