The exchange rate between the naira and the US dollar closed at N418.27/$1 at the official Investors and Exporters (I&E) window, falling by 0.12% from N418.25/$ recorded the previous day.
A sum of $115.78 million in FX value exchanged hands at the official market as liquidity tightened, falling by 50.64% compared to $234.54 million that was traded in the previous trading session.
Also, the exchange rate against the US dollar depreciated further on Thursday morning at the peer-to-peer market, trading at a minimum of N607.32/$1 compared to N602/$1 recorded as of the same time the previous day.
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