Nigeria’s Currency Depreciates as Naira Sells N419 to $1

The Naira exchanged at 419.33 to the dollar at the Investors and Exporters window on Wednesday, a 0.20 per cent depreciation, compared to 418.50 to the dollar on Tuesday.
The open indicative rate closed at 418.38 to the dollar on Wednesday.
An exchange rate of 444 to the dollar was the highest rate recorded within the day’s trading before it settled at N419.33.
The Naira sold for as low as 410 to the dollar within the day’s trading.
A total of 82.56 million dollars was traded in foreign exchange at the official Investors and Exporters window on Wednesday.