The naira exchanged at N416.67 to the dollar at the Investors and Exporters window on Wednesday, representing a 0.01 per cent depreciation, compared to N416.62 to the dollar recorded on Tuesday.

The open indicative rate closed at N416.17 to the dollar on Wednesday.

An exchange rate of N444 to the dollar was the highest rate recorded in the day’s trading before settling at N416.67.

The naira sold for as low as N410 to the dollar within the day’s trading.

On Wednesday, $13.72 million was traded in foreign exchange at the official Investors and Exporters window.