Naira drops at exporters' and investors' windows

The open indicative rate closed at ?771.49 to the dollar on Monday The naira on Monday has lost against the Dollar as it exchanged at ?773.50 at the Investors and Exporters window.The local currency depreciated by 7.08% against the ?736.62, it exchanged for the dollar on September 8. The open indicative rate closed at ?771.49 to the dollar on Monday. A spot exchange rate of ?804.15 to the dollar was the highest rate recorded within the day’s trading before it settled at ?773.50.The naira sold for as low as ?722.39 to the dollar within the day’s trading. A total of 37.86 million dollars was traded at the investors and exporters window on Monday.