At the I&E window, the naira declines and trades for #756.21 to the dollar

The naira sold for as low as ?701 to the dollar within the day’s trading.The naira on Wednesday depreciated against the dollar as it exchanged at ?756.21 at the Investors and Exporters window.The naira lost 1.48 per cent compared to the ?745.19 it exchanged for the dollar on Tuesday. The open indicative rate closed at ?766.82 to the dollar on Wednesday. A spot exchange rate of ?799.90 to the dollar was the highest rate recorded within the day’s trading before it settled at ?756.21. The naira sold for as low as ?701 to the dollar within the day’s trading. A total of US$95.70 million was traded at the investors and exporters window on Wednesday.