The naira depreciated against the dollar on Wednesday, May 17, exchanging for N465.13 at the Investors and Exporters window.
The rate represented a decrease of 0.10 per cent when compared to the N464.67 it exchanged for the dollar on Tuesday.
The open indicative rate closed at N463.73 to the dollar on Tuesday, May 16.
A spot exchange rate of N466.89 was the highest rate used for trading within the day before it settled at N465.13.
Spot exchange rate is determined instantly.
The naira sold for as low as N460 to the dollar within the day’s trading.
A total turnover of $267.04 million was traded at the official Investors and Exporters window.