Naira falls again at Investors and Exporters window

Naira depreciated against the dollar at the Investors and Exporters Window on Monday, exchanging at N425.75.

The figure represented a depreciation of 0.18 percent, compared to the N425 for which it exchanged for the dollar before the close of business on July 1.

The open indicative rate closed at N422.25 to the dollar on Monday.

An exchange rate of N444 to the dollar was the highest rate recorded within the day’s trading before it settled at N425.75.

The Naira sold for as low as N413.40 to the dollar within the day’s trading.

A total of 47.56 million dollars was traded in foreign exchange at the official Investors and Exporters Window on Monday.