Naira depreciates marginally, exchanges at 445.83 to dollar

Dec 2, 2022 - 16:52
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Naira depreciates marginally, exchanges at 445.83 to dollar
[FILES] A man exchanges Nigeria’s currency Naira for US dollars in Lagos, Nigeria<br />(Photo by PIUS UTOMI EKPEI / AFP)

The Naira on Thursday exchanged at 445.83 to the dollar at the Investors and Exporters window, a depreciation of 0.12 per cent, compared with the 445.30 it exchanged on Wednesday.

The open indicative rate closed at N444.60 to the dollar on Thursday.

An exchange rate of N447 to the dollar was the highest rate recorded within the day’s trading before it settled at N445.83.

The naira sold for as low as 422 to the dollar within the day’s trading.

A total of N99.50 million was traded at the official Investors and Exporters window on Thursday.

-the guardian