Naira falls further against dollar

The Nigerian currency, naira, on Thursday performed poorly as it exchanged at 446 to the United States dollar at the Investors and Exporters window, a depreciation of 0.04 per cent, compared with the 445.83 it exchanged on Wednesday.

The open indicative rate closed at N445 to the dollar on Thursday.

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An exchange rate of N452 to the dollar was the highest rate recorded within the day’s trading before it settled at N446.

The naira sold for as low as 439.98 to the dollar within the day’s trading.

A total of N231.20 million was traded at the official Investors and Exporters window on Thursday.

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