The Naira recovered marginally on Friday, appreciating slightly against the United States dollar.
The domestic currency closed at N1,435.53/$1against the N1,461.90/$1on the last day of the month, representing a gain of N26.37, according to data from the Nigerian Autonomous Foreign Exchange NAFEM window where forex is officially.
The intraday high recorded was N1,526.00/$1, while the intraday low was N838.96/$1, representing a wide spread of N687.04/$1.
However, the Naira appreciated at the parallel market where forex is sold unofficially, the exchange rate quoted at N1,410/$1, an appreciation of N90 compared to the N1,500/$1 it closed the previous day, while peer-to-peer traders quoted around N1526/$1.
The Naira appreciated against the British Pound to trade at N1,850/£1 as against the N1,880/£1 it traded the previous day representing a gain of N30.
It also appreciated against the Canadian dollar as it closed at N1100/CA$1 as against the N1150/CA$1 it traded the previous day representing a gain of N50.
The naira also appreciate by N50 against the Euro, trading at N1,550/€1 as against the previous closing price of N1,600/€1.