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Naira depreciates against the dollar

The Naira depreciates 0.24% at the Investors and Exporters window, trading at N419 to the dollar, down from N418 on Wednesday.

On Thursday, the open indicative rate was N417.40 to the dollar, according to the News Agency Of Nigeria, NAN.

The highest rate recorded during the day’s trading was N444 to the dollar, before it settled at N419.

During the day’s trading, the Naira fell as low as N410 to the dollar.

$108.24 million were traded in foreign exchange at the official Investors and Exporters window, still on Thursday.

Writing by Saadatu Albashir