Saturday, April 1, 2023

Naira weakens again, down by 0.29 percent

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The Naira on Tuesday further lost value against the dollar at the Investors and Exporters window, exchanging at N436.00 against N434.75 on Monday, representing 0.29 depreciation.

The open indicative rate closed at N433 to the dollar on Tuesday.

An exchange rate of N437.50 to the dollar was the highest rate recorded within the day’s trading before it settled at N436.

The Naira sold for as low as N425 to the dollar within the day’s trading.

A total of 63.05 million dollars was traded at the official Investors and Exporters window on Tuesday.


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