The Naira experienced a surge on Monday as it appreciated against the dollar, trading at N741.50 at the investors and exporters window.
This represented a 3.61 percent gain compared to the closing rate of N769.25 per dollar on June 30. Meanwhile, the open indicative rate settled at N760.39 to one dollar on Monday.
During the day’s trading, the exchange rate hit a high of N792 to the dollar before eventually settling at N741.50. Conversely, the Naira reached its lowest point of the day at N696.37 to the dollar.
An impressive sum of 88.68 million dollars was traded at the investors and exporters window on Monday.