Naira and Dollar
The naira on Friday ended the week losing against the dollar, exchanging at N775.76 at the Investors and Exporters window.
The local currency lost 0.93 per cent compared with N768.60, which it exchanged for the dollar on Thursday.
The open indicative rate closed at N776.74 to the dollar on Thursday.
A spot exchange rate of N799.50 to the dollar was the highest rate recorded within the day’s trading before it settled at N775.76.
The naira sold for as low as N465 to the dollar within the day’s trading.
On Friday, $54.18 million was traded at the investors’ and exporters’ window.
We have recently deactivated our website’s comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.