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Naira depreciates marginally against US dollar

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 Naira depreciates marginally against US dollar

The Nigerian currency, Naira, on Thursday exchanged at 445.83 to the United States dollar at the Investors and Exporters window, a depreciation of 0.12 per cent, compared with the 445.30 it exchanged on Wednesday.

The open indicative rate closed at N444.60 to the dollar on Thursday.

An exchange rate of N447 to the dollar was the highest rate recorded within the day’s trading before it settled at N445.83.

The naira sold for as low as 422 to the dollar within the day’s trading.

READ ALSO :Naira redesign: Miyetti Allah begs CBN to extend deadline, says members’ money in forests

A total of N99.50 million was traded at the official Investors and Exporters window on Thursday.

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