Economy
Naira weakens to $/N430 oat I&E forex window
Nigerian local currency, the Naira, depreciated by 0.13% to N430 against the dollar at the Investors and Exporters foreign exchange window on Thursday, as political activities continue to put pressure on the Naira.
The open indicative rate closed at N429 to the dollar on Thursday.
An exchange rate of N437 to the dollar was the highest rate recorded within the day’s trading before it settled at N430.
The Naira sold for as low as N417 to the dollar within the day’s trading.
A total of 74.68 million dollars was traded in foreign exchange at the Investors and Exporters window on Thursday.
The local currency exchanged N710 against the dollar in the parallel market.
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