Wednesday, May 7, 2025

Naira depreciates further at investors, exporters window

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Ibrahim Ramalan
Ibrahim Ramalan
Ibrahim Ramalan is a graduate of Mass Communications from the Ahmadu Bello University (ABU) Zaria. With nearly a decade-long, active journalism practice, Mr Ramalan has been able to rise from a cub reporter to the exalted position of an editor; first as Arts Editor with the Blueprint Newspapers before resigning in 2019; second and presently as an Associate Editor of the Daily Nigerian online newspaper. He can be reached via ibroramalan@gmail.com, or www.facebook.com/ibrahim.ramalana, or @McRamalan on Twitter.
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The Naira on Tuesday further depreciated against the dollar at the Investors and Exporters window, exchanging at N430.67.

The figure represented a decrease of 0.29 per cent, compared with N429.43 it exchanged for the dollar on Monday.

The open indicative rate closed at N429.09 to the dollar on Tuesday.

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An exchange rate of N444 to the dollar was the highest rate recorded within the day’s trading before it settled at N430.67.

The Naira sold for as low as N417 to the dollar within the day’s trading.

A total of 175.67 million dollars was traded in foreign exchange at the official Investors and Exporters window on Tuesday.

NAN

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