The Naira exchanged at 417. 50 to the dollar at the Investors and Exporters window on Thursday, representing a 0.20 per cent depreciation, compared to 416. 67 naira to the dollar recorded on Wednesday.

The open indicative rate closed at 417. 40 naira to the dollar on Thursday.

An exchange rate of 444 naira to the dollar was the highest rate recorded within the day’s trading before it settled at 417. 50 naira.

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

A total of 196.28 million dollars was traded in foreign exchange at the official Investors and Exporters window on Wednesday.