Naira ends week on negative note

The naira sold for as low as ?700 to the dollar within the day’s trading.The naira depreciated against the dollar on Friday as it exchanged at ?778.42 at the Investors and Exporters window.The naira lost by 0.87 per cent compared to the ?771.69 it exchanged for the dollar on Thursday. The open indicative rate closed at ?773.29 to the dollar on Friday. A spot exchange rate of ?799.90 to the dollar was the highest rate recorded within the day’s trading before it settled at ?778.42. The naira sold for as low as ?700 to the dollar within the day’s trading. A total of 73.80 million dollars was traded at the investors and exporters window on Friday.