The Naira on Thursday exchanged at N441.83 to the United States dollar at the Investors and Exporters window, a depreciation of 0.26 per cent, compared with N440.67 to the dollar it exchanged on Wednesday.
The open indicative rate closed at N439.70 to the dollar on Thursday.
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An exchange rate of N442 to the dollar was the highest rate recorded within the day’s trading before it settled at N441.83.
The Naira sold for as low as N435 to the dollar within the day’s trading.
The Naira also dropped to a record low of N742 per dollar at the parallel section of the foreign exchange (FX) market, popularly called the black market.
The figure represents a depreciation of N5 or 0.7 percent from the N737 it traded two weeks ago.
With the depreciation, the gap between the official and parallel market exchange rates continued to widen amid increased demand for the greenback.
