On Wednesday, the Nigerian naira experienced a decline against the US dollar, reaching an exchange rate of N771.59 at the Investors and Exporters window. This represented a 3.57% depreciation compared to the N744.97 it was valued at on Tuesday.
The open indicative rate concluded at N766.67 to the dollar on Wednesday, while the highest rate during the day’s trading reached N799.90 before settling at N771.59.
Throughout the trading day, the naira’s value ranged from as low as N705 to the dollar.
The Investors and Exporters window saw a total trading volume of $65.30 million on Wednesday.
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