The Naira on Friday dropped against the dollar, exchanging at N769.25 at the investors and exporters window.naira
The Naira depreciated by 0.82 per cent when compared with N763 for which it exchanged for the dollar before the Eid-el-Kabir holiday that began on June 28.
The open indicative rate closed at N758.52 to one dollar on Friday.
An exchange rate of N841 to the dollar was the highest rate recorded within the day’s trading before it settled at N769.25.
A total of 263.45 million dollars was traded at the investors and exporters window on Friday. (NAN)
DISCLAIMER
The OPINION / COLUMN is authored by independent contributors to the National Accord Newspaper. While contributors adhere to our editorial guidelines, they are not employed by the National Accord Newspaper. The perspectives and opinions expressed herein are solely those of the author and do not represent the views of the National Accord Newspaper or its staff.