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Naira continues to lose ground against the dollar

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The Friday exchange rate at the Investors and Exporters window was N461.75 to the USD.

Compared to the N461.40 it swapped for a dollar on Thursday, the rate reflected a further decline of 0.08 percent.

READ ALSO: Nigerian Exchange loses N77 billion in a day

On Friday, the open indicative rate reached a high of N461.33 to the dollar.

Prior to settling at N461.75, the currency rate for the day’s trade reached a high of N462.04 to the dollar.

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In the course of the day’s trade, the Naira dropped as low as N446 to the dollar.

At the official Investors and Exporters window, transactions worth a total of 67.57 million dollars were made.


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