Naira gains against dollar at I&E window

The local currency appreciated by 4.53 per cent compared to the ₦771.59 it exchanged for the dollar on Wednesday.

The open indicative rate closed at ₦774.74 to the dollar on Thursday.

A spot exchange rate of ₦799.90 to the dollar was the highest rate recorded within the day’s trading before it settled at ₦736.62.

The naira sold for as low as 700 to the dollar within the day’s trading.

A total of 66.43 million dollars was traded at the investors and exporters window on Thursday.