Naira begins new week on negative note
The naira sold for as low as ₦460 to the dollar within the day’s trading.
An exchange rate of ₦467 to the dollar was the highest rate recorded within the day’s trading before it settled at ₦463.50 [Reuters/Joe Penney]
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The local currency decreased by 0.11% as against ₦463 it exchanged for the dollar at the close of business on May 19.
The open indicative rate closed at ₦463.50 to the dollar on Monday.
An exchange rate of ₦467 to the dollar was the highest rate recorded within the day’s trading before it settled at ₦463.50.
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The naira sold for as low as ₦460 to the dollar within the day’s trading.
A total of $106.84 million was traded at the official Investors and Exporters window.
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![Dollar and Naira [THISDAYLIVE]](data:image/svg+xml;charset=utf8,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20width%3D'300'%20height%3D'172'%20data-ring-placeholder%3D'1'%3E%3C%2Fsvg%3E "Dollar and Naira [THISDAYLIVE]")