NigeriaNaira Depreciates By 0.46% Against Dollar

Naira Depreciates By 0.46% Against Dollar

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Abuja, Nigeria – The Nigerian naira on Tuesday exchanged at N441.17 to the US dollar at the investors and exporters window at a depreciation of 0.46per cent, compared with N439.17 to the dollar at the close of business on October 7.

Naira depreciates against Dollar on Tuesday| File Image

It was gathered that the open indicative rate closed at N439.40 to the dollar on Tuesday.

An exchange rate of N414 to $1 was the highest rate recorded within the day’s trading before it settled at N441.17.

The naira sold for as low as N414 to $1 within the day’s trading.

Read Also: UK To Curb Excess Dependants From Nigerian Migrants

However, on Tuesday, $73.66 million was traded at the official investors and exporters window. (NAN)

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