Markets

Naira weakens by 0.12%, exchanges $/N419.50 in I&E forex window

The Naira depreciated at the Investors and Exporters window on Thursday, exchanging at N419.50 to the dollar, a 0.12 per cent depreciation, compared to N419 on Wednesday.

The open indicative rate closed at N418.83 to the dollar on Thursday.

An exchange rate of N444.00 to the dollar was the highest rate recorded within the day’s trading before it settled at N419.50.

The Naira sold for as low as 413 to the dollar within the day’s trading.

A total of 760.20 million dollars was traded in foreign exchange at the official Investors and Exporters window on Thursday. (NAN)

Felix Oloyede

Felix Oloyede is a Mass Communication graduate with 19 years experience in journalism. He has worked with TheWeek Magazine; Mirror Newspapers; West Africa BusinessNews and BusinessHallmark Newspaper. Oloyede has covered different news beats ranging from crime; arts; politics; commerce and industries to finance and economy. He is an alumnus of Bloomberg Media Initiative Africa. He has also attended different trainings on Media Communication at the Lagos Business School. He is an alumnus of Bloomberg Media Initiative Africa. He has also attended different trainings on Media Communication at the Lagos Business School.

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