Business
Naira drops against dollar, exchanges at N702.19
Amid the liberation of the foreign exchange market by the Central Bank of Nigeria, CBN, the Naira on Thursday lost against the dollar at the Investors and Exporters window, exchanging N702.19 to the dollar..
According to NAN, the local currency depreciated by 5.75 per cent compared to N664.04, which it exchanged for the dollar on Wednesday.
The open indicative rate stood at N658.50 to the dollar on Thursday.
An exchange rate of N791 to the dollar was the highest rate recorded within the day’s trading before it settled at N702.19.
The Naira sold for as low as 461 to the dollar within the day’s trading.
On Thursday, a total of 70.72 million dollars was traded at the official Investors and Exporters window.
On Wednesday, CBN announced operational changes to the foreign exchange market, removing the cap on forex at the Investor and Exporters’ window.
-
Lifestyle2 days ago
Man shares father’s reaction on seeing himself on front camera for the first time (Watch)
-
Celebrity Gossip & Gist2 days ago
“Lizard Don Mad Again” – Peruzzi reacts after Wizkid mocks Davido with his viral video
-
Celebrity Gossip & Gist2 days ago
Hours after referring to Don Jazzy as influencer, netizens dig out old posts of Wizkid referring to Don Jazzy as his boss, revealing how he helped him (Video)
-
Celebrity Gossip & Gist2 days ago
DonJazzy reacts after Wizkid shaded him and called him an influencer