Naira Falls To N461 Per Dollar At I&E Window

The value of the naira fell to N461.60 per dollar at the Investors & Exporters (I&E) window of the foreign exchange market, OduNews reports.

The figure represented a decrease of 0.06 per cent compared with the N461.33 it exchanged on Tuesday.

The open indicative rate closed at N461.35 to the dollar on Wednesday. The figure represented a decrease of 0.06 per cent compared with the N461.33 it exchanged on Tuesday.

The open indicative rate closed at N461.35 to the dollar on Wednesday.

An exchange rate of N462.01 to the dollar was the highest rate recorded within the day’s trading before it settled at N461.60.

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

A total of 81.95 million dollars was traded at the official Investors and Exporters window on Wednesday.

In the Peer-to-Peer (P2P) window of the currency market, the local currency depreciated against the greenback yesterday by N2 to sell at N771/$!, in contrast to Tuesday’s value of N769/$1.

Also, in the parallel market segment of the forex market, the domestic currency lost N1 against the American currency to quote at N768/$1 compared with the preceding day’s N767/$1.