The Naira appreciated against the US dollar at the foreign exchange market to start the week on a positive note.
FMDQ data showed that the Naira appreciated to N1,585.77 per dollar on Monday from N1,598.56 exchanged on Friday last week, recording a N12.79 gain.
Similarly, at the parallel foreign exchange market, the Naira gained N10 to close at N1,635 per dollar on Monday from N1,645 recorded on Friday.
This showed that the Naira received a significant boost against the dollar on Monday.
Meanwhile, FMDQ data showed that foreign exchange transaction turnover dropped significantly to $71.18 million from $172.80 million at the close of work last week.