The naira on Monday depreciated against the dollar at the Investors and Exporters window, exchanging ₦770.38 to the dollar.
The local currency showed a 16.19% decrease when compared with ₦663.04 it exchanged to the dollar at the close of business on June 16.
The open indicative rate closed at ₦703.50 to the dollar on Monday.
An exchange rate of ₦799 to the dollar was the highest rate recorded within the day’s trading before it settled at ₦770.38.
The naira sold for as low as ₦461 to the dollar within the day’s trading.
A total of $78.03 million was traded at the official Investors and Exporters window on Monday.