Naira slips at official market segment

Naira fell slightly against the United States dollar on the spot market to trade at N464.67 per dollar on Wednesday, data published by FMDQ, where forex rates are collated and traded officially showed.

According to the data, the naira opened at N464.10 per $1 but eventually settled at N464.67 at the close of business on Wednesday.

The rate implies a 0.04 per cent decrease from N464.50 per dollar it exchanged in the previous segment on Tuesday.