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The Naira lost value versus the dollar on Thursday at the Investors and Exporters window, where N469.50 was exchanged for one dollar.
Comparing the local currency to the N464.67 it swapped for the dollar on Wednesday, it represented a 1.04 percent decline.
On Thursday, the open indicative rate reached a high of N468.94 to the dollar.
Before it settled at N469.50 at the end of the day's trade, the exchange rate reached a high of N476.50 to the dollar.
In the course of the day's trade, the naira fell as low as 460 to the dollar.
On Thursday, transactions at the official Investors and Exporters window totaled $74.18 million.
