Naira records another fall against dollar

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The exchange rate at the Investors and Exporters window closed at N416.67/$1 on Thursday, representing a 0.04% depreciation compared to N416. 50/$1 recorded on Wednesday.

The open indicative rate also closed at N415.81/$1 on Thursday.

An exchange rate of N444/$1 was the highest rate recorded within the day trading before it settled at N416.67/$1, while it sold for as low as N410/$1 within the day trading.

A total of $112.03 million was traded in FX at the official Investors and Exporters Window on Thursday.