Naira Closes at N416/$1 at the Investors & Exporters Window

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The exchange rate between the naira and the US dollar closed at N416.17/$1 at the official Investors and Exporters window.

Naira started the week on a negative note with a 0.08% depreciation to close at N417/$1 on Monday, from N416.67/$1 recorded as of the close of trading activities in the previous week.

In the same vein, the exchange rate at the peer-to-peer market depreciated marginally by 0.17% to trade at a minimum of N587/$1 on Tuesday morning compared to N586/$1 recorded in the previous day.

Written by: Helen Obih

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