Nigeria’s national currency, the naira opened on Monday on a negative note dropping by about 7.1 per cent at the formal market.
The naira closed at N773.50 per dollar at the Investors and Exporters (I & E) window, as against N736.62 recorded in the previous session. The open indicative rate closed at N771.49 per dollar yesterday.
A spot exchange rate of N804.15 per dollar was the highest rate recorded within the day’s trading before it settled at N773.50.
The naira also traded at a low of N722.39 per dollar with turnover at $37.86 million.
Credit: thenationonlineng.net
