The Naira again shed N155 against the American dollar on Thursday to trade at N1,484/$1, according to data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) .
At the end of trading on Thursday, the Naira lost N155 against the dollar as against the previous exchange rate of N1,329/$1 on Wednesday, May 29, 2024.
The intra-day high and low recorded during the day were N1,520/$1 and N1,100/$1 respectively, representing a big spread of N420/$1.
However, the Naira appreciated against the dollar at the parallel section of the market, to trade at N1,485/$1 representing a gain of N5 compared to the N1,490/$1 it traded the previous trading day.
Similarly, the Naira gained against the British Pound to trade at N1,880\£1 as against the previous trading price of N1,900/£1, representing a gain of N20 for the local currency.
For several days running, the Canadian dollar closed flat against the naira to trade at N1,200/CA$1, same as the previous trading day rate of N1,200/CA$1.
The Naira also gained against the Euro to trade at N1,570/€1 as against the rate of N1,600/€1 the previous trading rate, which represents a gain of N30 in the local currency.
