Naira Closed at N416.5 at the Investors and Exporters Window

The exchange rate between the naira and the US dollar closed at N416.5/$1 at the official Investors and Exporters (I&E) window.

Naira depreciated further against the US dollar on Monday with a 0.04% fall to close at N416.5/$1 compared to N416.33/$1 recorded as of the close of trading activities on Friday.

Similarly, the exchange rate depreciated marginally at the Peer-to-Peer (P2P) forex market, trading at a minimum of N574.5 to a dollar on Tuesday morning compared to N574.27/$1 recorded in the previous trading session.