The Naira on Friday depreciated against the dollar, exchanging at N777.82 at the Investors and Exporters window.
The Naira lost by 1.26 per cent when compared with N768.16 for which it exchanged for the dollar on Thursday.
The open indicative rate closed at N779.58 to the dollar on Friday.
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A spot exchange rate of N844 to the dollar was the highest rate recorded within the day’s trading before it settled at N777.82.
The naira sold for as low as N700 to the dollar within the day’s trading according to the News Agency of Nigeria.
A total of 77.99 million dollars was traded at the investors and exporters window on Friday.
meanwhile, Naira traded at a record low of 860 per dollar on the black market on Thursday, according to traders, weakening below its official rate a month after the country devalued the currency.
in a similar development, the Central Bank of Nigeria (CBN) has upgraded the eNaira by introducing a chip-enabled Near Field Communication (NFC) device into the eNaira.
The NFC feature will enhance the use of the eNaira by Nigerians without smart phones or internet access. read more: https://goodeveningnigeria.com/2023/07/17/cbn-upgrades-enaira/
