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Naira continues free fall; now N420 per dollar at I&E window

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CBN Governor, Godwin Emefiele and Bureau de Change

The naira slid further on Thursday to exchange at 420.33 to the dollar at the Investors and Exporters window.

This represents a 0.26 depreciation from its value on Thursday where it was traded at N419.25.

The open indicative rate closed at N417.70 to the dollar on Thursday.

An exchange rate of N444.00 to the dollar was the highest rate recorded within the day’s trading before it settled at N420.33.

The naira sold for as low as 410 to the dollar within the day’s trading.

A total of 75.56 million dollars was traded in foreign exchange at the official Investors and Exporters window on Thursday.

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