The naira depreciated against the dollar on Tuesday as it exchanged at ₦775.34 at the Investors and Exporters window.
The naira lost by 0.42% compared to the ₦772.12 it exchanged for the dollar on Monday. The open indicative rate closed at ₦769.66 to the dollar on Tuesday.
A spot exchange rate of ₦799.90 to the dollar was the highest rate recorded within the day's trading before it settled at ₦775.34.
The naira sold for as low as ₦701 to the dollar within the day's trading.
A total of $71.32 million was traded at the investors and exporters window on Tuesday.