Naira closes in August at N740/$ at I&E window

Ending the month of August, naira appreciates by 2.93 percent to close at N740.38 per dollar at the investors and exporters (I&E) window.

The I&E window is the country’s official exchange rate window.

Data from FMDQ Securities Exchange, a platform that oversees foreign exchange (FX) trading in Nigeria, showed that the Nigerian currency hit an intra-day trading high of N800 and a low of N700 — but closed trading at N740.

FMDQ quoted an opening rate of N775.17 to the dollar on Friday.