Naira depreciates further to dollar

Naira exchanged at N461.75 to the dollar at the Investors and Exporters window on Friday.

The rate represented a further depreciation by 0.08 per cent, compared with the N461.40 which it exchanged to the dollar on Thursday.

The open indicative rate closed at N461.33 to the dollar on Friday.

An exchange rate of N462.04 to the dollar was the highest rate recorded within the day’s trading before it settled at N461.75.

The Naira sold for as low as N446 to the dollar within the day’s trading.

A total of 67.57 million dollars was traded at the official Investors and Exporters window. (NAN)