The Naira gained marginally against the dollar on Monday at the official market, but slumped slightly at the parallel market.
The domestic currency appreciated to close at N888.35 to a dollar at the close of business, data from the Nigerian Autonomous Foreign Exchange Market where the forex is officially traded has shown.
This represents an N1.51 gain or a 0.17% increase in the local currency compared to the N889.86 it closed on Friday.
The intraday high recorded was N1249/$1, while the intraday low was N720/$1, representing a wide spread of N529/$1.
According to data obtained from the official NAFEM window, forex turnover at the close of the trading was $137.82 million, representing a 230.82% increase compared to the previous day.
Similarly, the Naira slumped at the parallel market where forex is sold unofficially, the exchange rate closed at N1245/$1 as against N1230/$1 it quoted on Friday, while peer-to-peer traders quoted around N1236.32/$1.
The Naira also slumped slightly against the British pound to N1,535/£1 against the rate of N1,525/£1 recorded on Friday signifying a loss of N10.
The naira however appreciated marginally against the Euro to close at N1,285/€1 against the N1,295/€1 on Friday representing a gain of N10 while the naira closed slumped against the Canadian dollar at N975/CA$1 as against N960/CA$1 recorded on Friday.