Naira value dips, exchanges N775/$ at I&E window

The naira exchanged at N775.34 to a dollar at the Investors and Exporters window on Tuesday.

The Nigerian currency lost by 0.42 percent compared to the N772.12 it traded for the dollar on Monday.

The open indicative rate closed at N769.66 to the dollar on Tuesday.

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A spot exchange rate of N799.90 to the dollar was the highest rate recorded during the day’s trading before it settled at N775.34.

The naira sold for as low as N701 to the dollar during trading.

A total of $71.32 million exchanged hands at the investors and exporters window on Tuesday.

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