The Naira gained slightly on Friday, exchanging for N1, 627.40/$1, according data from the Nigerian Autonomous Foreign Exchange Market (NAFEM).
This represents a gain of N25.23 when compared to the N1,602.17/$1 it closed on, on Thursday, March 7, 2024.
The intraday high was N1,640/$1, while the intraday low was N1,413/$1, representing a lean spread of N227/$1.
The local currency also gained N2 against the dollar at the parallel market as the local currency appreciated to N1,618/$1 as against the N1,620 /$1 it traded the previous day.
It also gained against the British Pound to trade at N2,050/£1 as against the previous trading day’s price of N2,060/£1 representing a gain of N10 for the local currency.
The Naira closed flat against the Canadian dollar to trade at N1,150/CA$1, same as the previous trading day’s rate.
The naira slumped against the Euro to trade at N1,725/€1 as against the previous closing price of N1,720/€1 representing a loss of N5 for the local currency.
