Banking, Economy & MoneyHeadlines

Naira Drops Against Dollar After Remaining Stable

Naira on Thursday, 8 June, 2023 depreciated against the dollar at the Investors and Exporters window, exchanging N469.50 to a dollar.

The local currency showed a 1.04 percent decrease when compared with N464.67 it exchanged for the dollar on Wednesday.

The open indicative rate closed at N468.94 to the dollar on Thursday.

Naira To Dollar Exchange Rate 

An exchange rate of N476.50 to the dollar was the highest rate recorded within the day’s trading before it settled at N469.50.

The naira sold for as low as 460 to the dollar within the day’s trading.

A total of $74.18 million dollars was traded at the official Investors and Exporters window on Thursday.

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