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Home Economy/Technology

Naira begins new week on negative note

Naira

The Matters Press by The Matters Press
May 15, 2023
Reading Time: 1 min read
0
“Naira-4-Dollar” getting results

The Naira depreciated against the dollar on Monday, exchanging for N464 at the investors’ and exporters’ window.

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The rate represented a decrease of 0.36 per cent when compared to the N462.33 it exchanged at the close of business on May 12.

The open indicative rate closed at N463 .50 to the dollar on Monday.

A spot exchange rate of N467 was used for trading within the day before it settled at N464.

Spot exchange rate was determined instantly.

The Naira sold for as low as N460 to the dollar within the day’s trading.

A total turnover of 55.10 million dollars was traded at the official Investors’ and Exporters’ window.

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