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Naira continues slump against dollar as week opens

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Naira

At the Investors and Exporters window on Monday, the naira lost value when compared to the dollar, trading for N430.

In comparison to the N429.62 it exchanged for a dollar just before the close of business on August 12, the amount reflected a decline of 0.09 percent.

On Monday, the open indicative rate reached N429.70 to the dollar.

Before it closed at N430, the exchange rate for the day’s trade reached a high of N444 to the dollar.

In the course of the day’s trade, the naira dropped as low as N417 to the dollar.

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At the official investors and exporters window on Monday, foreign exchange transactions totaling 134.30 million were made.

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