At the official Investors and Exporters (I&E) window, the exchange rate between the naira and the US dollar closed at N416.67/$1
The exchange rate depreciated further by 0.04% compared to the N416.5/$1 recorded in the previous day. Recall that the exchange rate had depreciated in the previous trading session by 0.12% from N416/$1.
Naira dipped at the Peer-to-Peer (P2P) market on Friday morning to trade at N581.2/$1, representing a 1.1% depreciation compared to N575/$1 that it had maintained in the previous three trading sessions.
On the other hand, the exchange rate at the parallel market gained by 0.52% to close at N577/$1 from N580/$1 recorded on Wednesday.
At the official NAFEX window, the exchange rate at the Investors and Exporters window closed at N416.5/$1 on Wednesday, a 0.12% depreciation from N416 to a dollar recorded on Tuesday.
The opening indicative rate closed at N416.1/$1 on Thursday, representing an 11 kobo appreciation compared to the N416.21/$1 recorded on Wednesday..
An exchange rate of N444/$1 was the highest rate recorded during intra-day trading before it settled at N416.67/$1, while it sold for as low as N410/$1 during intra-day trading.
