Business

Naira drops against dollar, exchanges for N773.42

The naira depreciated against the dollar on Wednesday, August 23, 2023, as it exchanged at N773.42 at the investors and exporters window.

It lost by 0.35 per cent compared with N770.72 for which it exchanged for the dollar on Tuesday.

The open indicative rate closed at N781.49 to the dollar on Wednesday.

READ ALSO: NNPCL secures $3bn loan to stabilise naira

A spot exchange rate of N799.90 to the dollar was the highest rate recorded within the day’s trading before it settled at N773.42.

The naira sold for as low as N738 to the dollar within the day’s trading.

A total of $169.07 million was traded at the investors and exporters window on Wednesday.

The Star

Segun Ojo

Recent Posts

EPL fixtures: Aston Villa host Man City as Liverpool face Tottenham

Struggling Manchester City travel to Aston Villa on Saturday desperately seeking to halt their dramatic…

2 hours ago

Report: U.S. deported 270,000 migrants in one year

The United States immigration authorities deported over 270,000 migrants last financial year, figures showed on…

3 hours ago

Spurs host Liverpool as Arsenal face Newcastle in Carabao Cup semi-finals

Tottenham Hotspur will take on holders Liverpool in the semi-finals of the Carabao Cup, while…

3 hours ago

Supreme Court, NAHCON, others fail ICPC integrity scorecard

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has disclosed that the Supreme…

3 hours ago

Tottenham edge Man United to reach Carabao Cup semi-finals

Tottenham survived two calamitous errors from stand-in goalkeeper Fraser Forster on Thursday to beat Manchester…

4 hours ago

NiMet forecasts 3-day dust haze from Friday

The Nigerian Meteorological Agency (NiMet) has predicted dust haze across the country from Friday to…

4 hours ago

This website uses cookies.