Naira extends losses on official market

Naira extended losses against the United States dollar at the Investors and Exporters window on Tuesday as the currency exchanged against the greenback at N462.00.

This translates to a N0.39 or 0.08 per cent depreciation at N461.61 per dollar it traded in the previous session on Monday.

According to data published on FMDQ website, where forex is officially traded, the domestic unit reached an intra-day high of N440.00 and a low of N463.00 per dollar before settling at N462.00 at the close of market Tuesday.