Naira drops further at investors, exporters window

On Tuesday, the naira dropped further in exchanges for N763 against the dollar at the Investors and Exporters window.

The Naira depreciated by 0.67 percent when compared with N768.17, for which it exchanged for the dollar at the close of business on Monday.

The open indicative rate closed at N760.50 to the dollar on Tuesday.

An exchange rate of N841 to the dollar was the highest rate recorded within the day’s trading before settling at N763.

The Naira sold for as little as 467 to the dollar within the day’s trading.

A total of 245.65 million dollars were traded at the official investors and exporters window on Tuesday.