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Africa Housing News > Blog > Business News > Forex Crisis: Naira extends Losses Against Dollar at Investors and Exporters Window
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Forex Crisis: Naira extends Losses Against Dollar at Investors and Exporters Window

Fesadeb
Last updated: 2022/08/25 at 1:14 PM
Fesadeb Published August 25, 2022
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Forex Crisis: Naira extends Losses Against Dollar at Investors and Exporters Window
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The Naira on Wednesday, August 24, 2022, weakened for the third day against the dollar at the Investors and Exporters window, exchanging at N431.

The figure represented a decrease of 0.08 per cent, compared with N430.67 it exchanged for the dollar on Tuesday.

According to a report by Vanguard, the open indicative rate closed at N428. 67 to the dollar on Wednesday.

An exchange rate of N444 to the dollar was the highest rate recorded within the day’s trading before it settled at N431.

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

A total of 131.30 million dollars was traded in foreign exchange at the official Investors and Exporters window on Wednesday. 

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TAGGED: Forex crisis
Fesadeb August 25, 2022 August 25, 2022
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