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Naira gains 4.1% on dollars to exchange at ₦742 per $1 on Tuesday
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A trader changes dollars with naira at a currency exchange store in Lagos February 12, 2015. REUTERS/Joe Penney
The naira on Tuesday appreciated against the dollar as it exchanged at ₦742.10 at the Investors and Exporters window.
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The naira on Tuesday appreciated against the dollar as it exchanged at ₦742.10 at the Investors and Exporters window.
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The local currency gained by 4.06% compared to the ₦773.50 it exchanged for against the dollar on Monday.
The open indicative rate closed at ₦761.24 to the dollar on Tuesday.
A spot exchange rate of ₦807.15 to the dollar was the highest rate recorded within the day's trading before it settled at ₦742.10.
The naira sold for as low as ₦738 to the dollar within the day's trading.
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A total of $42.26 million was traded at the investors and exporters window on Tuesday.
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