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Naira rises slightly to gain 0.39% against dollar at official rate

The naira on Tuesday appreciated against the dollar as it exchanged at N744.97 at the Investors and Exporters window.
A trader changes dollars with naira at a currency exchange store in Lagos February 12, 2015.   REUTERS/Joe Penney
A trader changes dollars with naira at a currency exchange store in Lagos February 12, 2015. REUTERS/Joe Penney

The naira on Tuesday appreciated against the dollar as it exchanged at ₦744.97 at the Investors and Exporters window.

The naira gained 0.39% compared to the ₦747.87 it exchanged for the dollar in Monday.

The open indicative rate closed at ₦774.99 to the dollar on Tuesday.

A spot exchange rate of ₦799.83 to the dollar was the highest rate recorded within the day's trading before it settled at ₦744.97.

The naira sold for as low as ₦588 to the dollar within the day's trading.

A total of $63.60 million was traded at the investors and exporters window on Tuesday.

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