The Naira started the week with a slump against the American dollar on Monday, July 15, 2024.
The domestic currency shed N14 to trade at N1,577/$1, according to data from the Nigerian Autonomous Foreign Exchange Market (NAFEM).
This is against the rate of N1,563/$1 it traded on Friday, July 12, 2024.
The intra-day high and low recorded during the day were N1,590/$1 and N1,470/$1 respectively, representing a very lean spread of N120/$1.
The Naira lost N5 against the dollar in the parallel section of the market to trade at N1,565|$1, as against the rate of N1,560/$1 it traded the previous trading day.
The Naira crossed the N2,000 mark as it lost N10 against the British Pound to trade at N2,050\£1 as against the previous trading day’s rate of N2,040/£1, representing a loss of N10 for the local currency.
The Canadian dollar continues to close 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 lost N15 against the Euro to trade at N1,690/€1 as against the previous trading day’s rate of N1,675/€1.
