BREAKING: Naira collapses against Dollar at Investors, Exporters Window

The naira on Wednesday depreciated against the dollar as it exchanged at N756.21 at the Investors and Exporters window.

The naira lost 1.48 per cent compared to the N745.19 it exchanged for the dollar on Tuesday.

The open indicative rate closed at N766.82 to the dollar on Wednesday.

A spot exchange rate of N799.90 to the dollar was the highest rate recorded within the day’s trading before it settled at N756.21.

The naira sold for as low as N701 to the dollar within the day’s trading.

A total of US$95.70 million was traded at the investors and exporters window on Wednesday.

Akanji Philip

Akanji Philip has been working as a reporter with VOICE AIR MEDIA, both onsite at the head office in Odi-Olowo, Osogbo, and remotely. He has covered events at notable political venues, involving prominent figures such as former Osun Governor Adegboyega Oyetola, current Osun State Governor Senator Isiaka Adetunji Adeleke, former Vice President Professor Yemi Osinbajo, the late Ondo Governor Rotimi Akeredolu, Oyo State Governor Seyi Makinde, and various other representatives and lawmakers. In addition, he has represented the company at various press conferences at police stations and has reported on occasions featuring entertainers and actors, such as Kola Oyewo during Oba-Ile Day in Osun State, among others. -Phone Number: +2349058501092, +2348137827714 -Email: akanjiphilips100@gmail.com