The Naira, on Monday, continued its recovery against the dollar to trade at N1,468/$1, according to data from the Nigerian Autonomous Foreign Exchange Market (NAFEM).
At the end of trading on Monday, the Naira gained N29 against the dollar compared to the previous exchange rate of N1,497/$1 on Friday last week.
The intra-day high and low recorded during the day were N1,550/$1 and N1,400/$1 respectively, representing a lean spread of N150/$1.
Similarly, the Naira recovered against the dollar in the parallel section of the market, to trade at N1,490/$1 representing a gain of N30 compared to the N1,520/$1 it traded the previous trading day.
The Naira also appreciated against the British Pound to trade at N1,900/£1 as against the previous trading price of N1,940/£1, representing a gain of N40 for the local currency,
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 appreciated against the Euro to trade at N1,600/€1 as against the rate of N1,640/€1 the previous trading rate, representing a gain of N40 for the local currency.
