DMO director-general Patience Oniha said this in an interview on Tuesday in Abuja.
The naira on Tuesday appreciated against the dollar as it exchanged at N745.19 at the Investors and Exporters window.
The open indicative rate closed at N774.74 to the dollar on Thursday.
The naira gained by 2.23 per cent compared with N774.78 which it exchanged for the dollar on Monday.
A spot exchange rate of N845 to the dollar was the highest rate recorded within the day’s trading before it settled at N791.42.
The naira depreciated by 5.75 per cent when compared with N664.04 for which it exchanged for the dollar on Wednesday.
The naira showed a 0.64 per cent decrease when compared with N469.50 it exchanged for the dollar on Thursday.
Naira lost further to the dollar on Monday as it exchanged at N461.67 at the Investors’ and Exporters’ window.
The naira on Wednesday exchanged at N461.60 to the dollar at the Investors and Exporters window.
The apex bank noted that the exercise was a “Cash Deposit Program not a Cash Swap Program.”
