The Naira gained against the dollar on Tuesday, at the official market, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) window has shown.
The domestic currency appreciated to N878.61/$1 gaining N46.73 as against the N925.34/$1 it closed on Monday.
The intraday high recorded was N1336.05/$1, while the intraday low was N701/$1, representing a wide spread of N635.05/$1.
Similarly, the Naira shed N5 off its price at the parallel window where forex is sold unofficially; the exchange rate was quoted at N1365/$1 as against the price of N1360/$1 the previous day, while peer-to-peer traders quoted around N1393/$1.
The naira closed flat against the British Pound at N1,725/£1 after crashing massively on Monday.
The Canadian dollar also closed flat at N1000//CA$1 after crossing the N1000 threshold on Monday, January 22, 2024.
The Naira recovered slightly against the Euro, trading at N1,445/€1 as against the previous closing price of N1,450/€1 at the last trading day.
