Business

Naira gains, exchanges at N740.08 against dollar

The naira, on Wednesday, July 26, 2023, maintained momentum as it appreciated against the dollar, exchanging at N740.08 at the investors and exporters window.

The local currency gained 6.49 per cent when compared with N791.42, which it exchanged for the dollar on Tuesday.

The open indicative rate closed at N782.42 to the dollar on Wednesday.

READ ALSO: Naira gains against dollar at investors, exporters window

A spot exchange rate of N800 to the dollar was the highest rate recorded within the day’s trading before it settled at N740.08.

The naira sold for as low as N730 to the dollar within the day’s trading.

A total of $153.28 million was traded at the investors and exporters window on Wednesday.

The Star

Segun Ojo

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