Naira Falls to N581.2/$1 at P2P Market

The exchange rate between the naira and the US dollar closed at N416.67/$1 at the official Investors and Exporters (I&E) window.

The exchange rate at the window depreciated further by 0.04% on Thursday to close at N416.67 to a dollar compared to the N416.5/$1 recorded in the previous day.

Naira fell at the Peer-to-Peer market on Friday morning to trade at N581.2/$1, representing a 1.1% depreciation compared to N575/$1.