Business Forex

Naira loses further to dollar

Naira exchanged at N461.67 at the Investors’ and Exporters’ window on Monday, a further decline against the dollar.

The exchange rate indicated a decline of 0.04 percent from the N461.50 it was trading for at Friday’s close of business.

On Monday, the open indicative rate was N461.50 to $1.

Prior to settling at N461.67 during the day’s trade, the exchange rate reached a high of N462.50 to the dollar.

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During the course of the day’s trade, the naira reached a low of N445.96 to the dollar.

The official Investors’ and Exporters’ window saw trades totaling 77.64 million dollars.

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