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Home Forex

Naira ends week on negative note against dollar

BizPoint by BizPoint
March 11, 2023
in Forex
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Naira ends week on negative note against dollar
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The Naira lost to the dollar as it exchanged at N461.50 at the Investors’ and Exporters’ window on Friday.

The rate represented a decrease of 0.11 percent, compared to the N461 for which it exchanged to the dollar on Thursday.

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The open indicative rate closed at N461.50 to the dollar at the end of the week.

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READ ALSO:Any trader rejecting old naira notes will be prosecuted -Yahaya Bello warns

An exchange rate of N462.44 to the dollar was the highest rate documented within Friday’s trading before it settled at N461.50.

The Naira was sold for as low as N446 to the dollar within Friday’s trading.

A total of 82.56 million dollars was traded at the official Investors’ and Exporters’ window.

 

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