Naira loses value, depreciates against dollar

On Monday, the naira fell even more against the dollar, trading at N461.67 in the Investors’ and Exporters’ window.

The exchange rate reflected a decline of 0.04 percent from the N461.50 it was worth in dollars at Friday’s closing of business.

On Monday, the open indicative rate reached a low of N461.50 to the dollar.

The day’s trade peaked at an exchange rate of N462.50 to the dollar before it closed at N461.67.

During the course of the day’s trade, the naira fell as low as N445.96 to the dollar.

A total of $77.64 million was traded at the official Investors’ and Exporters’ window.

(NAN)