Naira loses again against dollar, exchanges at N434.75

image

BY BABAGANA K. M, SEPTEMBER 06, 2022 | 11:42 AM


The Naira on Monday depreciated against the dollar at the Investors and Exporters window, exchanging at N434.75.

The figure represents a decrease of 0.75 per cent, compared with N431.50 to the dollar at the close of business Sept. 2.

The open indicative rate closed at N431.30 to the dollar on Monday.

An exchange rate of N437.50 to the dollar was the highest rate recorded within the day’s trading before it settled at N434.75.

The Naira sold for as low as N425 to the dollar within the day’s trading.

A total of 99.68 million dollars was traded at the official Investors and Exporters window on Monday.

NAN


Appeal for support


Conflict Reporting is dangerous and risky. Our reporters constantly face life-threatening challenges, sometimes surviving ambushes, kidnap attempts and attacks by the whiskers as they travel and go into communities to get authentic and firsthand information. But we dare it every day, nonetheless, in order to keep you informed of the true situation of the victims, the trends in the conflicts and ultimately help in peace building processes. But these come at huge cost to us. We are therefore appealing to you to help our cause by donating to us through any of the following means. You can also donate working tools, which are even more primary to our work. We thank you sincerely as you help our cause.

Alternatively, you can also email us on info@yen.ng or message us
via +234 803 931 7767