Naira gains, exchanges at N736/$1

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The Naira on Thursday gained against the dollar, exchanging at N736.62 at the official window.

According to NAN, the local currency appreciated by 4.53 per cent compared to the N771.59 it exchanged for the dollar on Wednesday.

The open indicative rate closed at N774.74 to the dollar on Thursday.

A spot exchange rate of N799.90 to the dollar was the highest rate recorded within the day’s trading before it settled at N736.62.

The Naira sold for as low as N700 to the dollar within the day’s trading.

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On Thursday, $66.43 million was traded at the investors and exporters window.

Meanwhile, at the parallel market, the Naira sold between N915 to N920 to $1 on Thursday.

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