Naira Depreciates, As It Trades At 436.50 To Dollar

Naira Depreciates, As It Trades At 436.50 To Dollar

On Monday, the Investors and Exporters window exchanged the Naira at 436.50, a little depreciation against dollar.

Comparing the figure to N436.33 to dollar just before the close of business on September 9 shows a 0.04 percent decline.

On Monday, the open indicative rate reached a high of N434.40 to the dollar.

Before it closed at N436.50, the exchange rate for the day’s trade reached a high of N437 to the dollar.

In the course of the day’s trade, the Naira dropped as low as N425 to dollar.

On Monday, transactions at the official Investors and Exporters window totaled 99.78 million dollars. (NAN)