Naira crumbles again to Dollar

Foreign Currency Exposures of Banks

The Naira exchanged for N430.67 against the dollar on Tuesday at the Investors and Exporters window.

Comparing the figure to the N430 it exchanged for the dollar on Monday, it showed a decrease of 0.16 percent.

The open indicative rate closed at N429.88 to the dollar on Tuesday.

An exchange rate of N432 to the dollar was the highest rate recorded within the day’s trading before it settled at N430.67.

The Naira sold for as low as N417 to the dollar within the day’s trading.

A total of 50.40 million was traded in foreign exchange at the official investors and exporters window on Tuesday.

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