BREAKING: Again, Naira crashes to Dollars

Akanji Philip May 16, 2023 in Business Tagged dollar, Naira - 1 Minute

The Naira depreciated against the dollar on Monday, exchanging for N464 at the investors’ and exporters’ window.

The rate represented a decrease of 0.36 per cent when compared to the N462.33 it exchanged at the close of business on May 12.

The open indicative rate closed at N463 .50 to the dollar on Monday.

A spot exchange rate of N467 was used for trading within the day before it settled at N464.

Spot exchange rate was determined instantly.

The Naira sold for as low as N460 to the dollar within the day’s trading.

A total turnover of 55.10 million dollars was traded at the official Investors’ and Exporters’ window. CONTINUE READING……………………………………..

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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

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