Naira slides; exchanges for 420.5 per dollar at official window
After a two-day gain, the naira on Thursday depreciated at the Investors and Exporters window, exchanging at N420.50 to the dollar, a 0.12 per cent depreciation against N420 traded on Wednesday.
The open indicative rate closed at N419.82 to the dollar on Thursday.
An exchange rate of N444.00 to the dollar was the highest rate recorded within the day’s trading before it settled at N420.50
The naira sold for as low as N413 to the dollar within the day’s trading.
A total of 136.35 million dollars was traded in foreign exchange at the official Investors and Exporters window on Thursday.
(NAN)
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.
More from Peoples Gazette
World
Two shot dead in Alabama church
“From what we’ve gathered from the circumstances of this evening, a lone suspect entered a small group church meeting and began shooting.”
World
European Commission set to endorse Ukraine EU membership
The final decision will be made by European Union leaders who will meet on June 23 and 24 in Brussels.
Agriculture
Fifteen million people in Sudan facing acute food shortage: WFP
Fifteen million people in Sudan are facing acute food insecurity.
Economy
CAC to register private schools as limited liability companies
“Anyone that wants to register a private school, will have to register it as a limited liability company with shareholders.”
Politics
Group begs Buhari to wade into Kebbi APC crisis
“Attempts to substitute candidates who won primary elections for whatever interest is uncalled for, unacceptable and capable of widening the crisis in the party.”
