Naira depreciates against dollar at N420

The exchange rate between the naira and the US dollar depreciated further on Thursday exchanging at N420 to the dollar at the Investors and Exporters Window.

This represents 0.30 per cent depreciation from N418.75 traded on the previous day.

Also, the exchange rate of N444.00 to the dollar was the highest rate recorded within the day’s trading before it settled at N420.