Naira appreciates by 3.61 per cent, exchanges at N741.50 against US Dollar

The Naira appreciated against the US dollar, exchanging at N741.50 at the investors’ and exporters’ window.

According to Newsmen, the Naira gained by 3.61 per cent on Monday compared with N769.25, which it exchanged for the dollar at the close of business on June 30.

The open indicative rate closed at N760.39 to one dollar on Monday.

The official forex window stood at N792 to the dollar within the day’s trading before it settled at N741.50.

The Naira sold for as low as N696.37 to the dollar within the day’s trading.

On Monday, $88.68 million was traded at the investors’ and exporters’ window.

On June 14, the Central Bank of Nigeria introduced operational changes to the forex exchange market leading to the unification forex window.