Categories: Latest News

Naira crashes against dollar

Naira has crashed against the dollar.

IDOMA VOICe reports that the naira on Monday depreciated against the dollar at the Investors and Exporters window, exchanging at N431.

The figure represented a decrease of 0.67 per cent compared with the N428.12 it exchanged for the dollar at the close of business on August 5.

The open indicative rate closed at N429 to the dollar on Monday.

An exchange rate of N444.00 to the dollar was the highest rate recorded within the day’s trading before it settled at N431.

The Naira sold for as low as N415.50 to the dollar within the day’s trading.

A total of $115. 67 million was traded in foreign exchange at the official investors and exporters window on Monday. (NAN)

Jessy Oche

Jesse Oche is a young writer with passion for sports and agro journalism. He loves traveling and reading.

Recent Posts

Latest update on fuel price hike, fuel scarcity for November 22nd, 2024

As Nigerians express their frustrations over the recent fuel price hikes by the Nigerian National…

4 hours ago

Full List of 80,000 delisted companies published by CAC

The Corporate Affairs Commission (CAC) has officially removed companies that failed to file their annual…

4 hours ago

Amended NDLEA Act: Senate approves life imprisonment for drug traffickers, rejects death penalty

The Senate on Thursday agreed with the House of Representatives' recommendation to replace the death…

5 hours ago

Monday Odigie steps down as Bendel Insurance coach

Monday Odigie, the coach of Bendel Insurance Football Club of Benin, has resigned from his…

5 hours ago

Lewandowski reflects on missed Manchester United transfer

Robert Lewandowski has reflected on the time he nearly joined Manchester United in 2012, only…

6 hours ago

Okoye reflects on Super Eagles return after two years

Maduka Okoye has reflected on his first appearance for the Super Eagles in two years.…

6 hours ago