Naira exchanges ₦702.19 at investors, exporters window

The local currency depreciated by 5.75 per cent when compared with  ₦664.04 for which it exchanged for the dollar on Wednesday.

The open indicative rate stood at ₦658.50 to the dollar on Thursday.

An exchange rate of  ₦791 to the dollar was the highest rate recorded within the day’s trading before it settled at  ₦702.19.

The Naira sold for as low as 461 to the dollar within the day’s trading.

A total of 70.72 million dollars was traded at the official Investors and Exporters window on Thursday.