The naira to dollar rate in the investors’ and exporters’ window closed at N746.2/$1 on Thursday, as the value of the United States currency dropped by 4.63 per cent.

Prime Business Africa learnt that authorised dealers were willing to drop the price of United States Dollar by N36.29 kobo, from Wednesday’s N782.49/$1.

Although, before the curtain was drawn down on Thursday’s session, the dollar rate had circled around N818/$1, the highest price for the day, and N730/$1, the lowest the USD was sold.

Both authorized dealers and their clients traded $90.52 million in foreign exchange, against the $87.38 million they transacted the previous day.

To read more, click on the link below
https://www.primebusiness.africa/official-naira-to-dollar-rate-slumps-black-market-sells-usd-at-higher-price/

At the moment the exchange rate is 818.50. In the global market, dollar is falling and loosing value but it is a pity that despite the dollar loosing value, the naira is also loosing value to the dollar due to the polithiefians that has no value to add to the economy of the country and naira