Naira Falls To N770 A Dollar

The Naira on Monday, June 19, closed at N770 per dollar at the investors and exporters (I&E) window.

FMDQ Securities Exchange Limited said Monday’s closing rate represents a 16.1 percent depreciation from the N663 recorded on the last trading day (Friday).

Though the Naira is yet to gain stability following changes implemented by the federal government in Nigeria’s foreign exchange (FX) market, data on FMDQ shows that investors traded about $78 million deals on the I&E window.