Naira drops further by 0.64%

The local currency showed a 0.64 per cent decrease when compared with ₦‎469.50 it exchanged for the dollar on Thursday. 

The open indicative rate closed at ₦‎471.32 to the dollar on Friday. 

An exchange rate of ₦‎477 to the dollar was the highest rate recorded within the day’s trading before it settled at ₦‎472.50. 

The Naira sold for as low as 460 to the dollar within the day’s trading.

A total of 77.42 million dollars was traded at the official Investors and Exporters window on Friday.