Again, the naira rises, this time to #740.08 per dollar.

During the day's trade, the naira fell as low as 730 to the dollar.The Naira extended its upward trend versus the dollar on Wednesday, trading at 740.08 in the Investors and Exporters window.The local currency gained 6.49 percent as compared to the dollar, which it swapped for on Tuesday. On Wednesday, the open indicative rate was 782.42 to the dollar. The highest spot exchange rate recorded throughout the day's trade was 800 to the dollar before it closed at 740.08. During the day's trade, the naira fell as low as 730 to the dollar. On Wednesday, 153.28 million dollars were traded at the investors and exporters window.