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May 20, 2024

Naira weakens, trading at N769.25 against Dollar

The Nigerian Naira experienced a decline in value against the US dollar, reaching an exchange rate of N769.25 at the investors and exporters window.

This depreciation represents a 0.82 percent decrease compared to the N763 rate observed before the start of the Eid-el-Kabir holiday on June 28.

Throughout the day’s trading, the highest recorded exchange rate was N841 to the dollar before settling at N769.25.

A total of 263.45 million dollars was traded at the investors and exporters window on Friday.

Furthermore, the open indicative rate closed at N758.52 to one dollar on the same day.

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Mustapha Salisu

Mustapha Salisu is a graduate of BSc. Information and Media Studies from Bayero University Kano, with experience in Communication Skills as well as Public Relations.

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