Naira weakens, exchanges at N419 per dollar

Uba Group

The Naira has further depreciated at the Investors and Exporters window exchanging at N419 to the dollar.

The depreciation, on Thursday, came to 0.24 per cent, weaker than N418 for which it traded on Wednesday.

On Thursday, the open indicative rate closed at N417.40 to the dollar.

The exchange rate initially moved up to N444 to the dollar but later settled at N419.00.

The Naira sold for as low as 410 to the dollar within the day’s trading.

$108.24 million was traded in foreign exchange at the official Investors and Exporters window on Thursday.