Naira Loses Value, Falls Further Against Dollar

On Monday, the naira fell even more against the dollar, trading for N461.67 at the Investors’ and Exporters’ window.

The exchange rate reflected a decline of 0.04 percent from the N461.50 it was worth in dollars at Friday’s closing of business.

On Monday, the open indicative rate reached a high of N461.50 to the dollar.

Before it finished at N461.67, the exchange rate for the day’s trade reached a high of N462.50 to the dollar.

During the day’s trade, the naira fell as low as N445.96 to the dollar.

At the official Investors’ and Exporters’ window, a total of $77.64 million was exchanged.