Connect with us


Naira depreciates, exchanges for N756/$ at I&E window



The naira exchanged for N756.21 to a dollar at the Investors and Exporters window on Wednesday.

The naira lost 1.48 percent compared to the N745.19 it exchanged for the dollar on Tuesday.

The open indicative rate closed at N766.82 to the dollar on Wednesday.

READ ALSO: Naira drops further, now N965/$1 black market

A spot exchange rate of N799.90 to the dollar was the highest rate recorded during the day’s trading before it settled at N756.21.

The naira sold for as low as N701 to the dollar in today’s trading.

A total of $95.70 million exchanged hands at the investors and exporters window on Wednesday.

Join the conversation


Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now