The Naira started the week on a losing note as it lost marginally against the American dollar on Monday, June 24, 2024.
The domestic currency traded at N1,490.20/$1, according to data from the Nigerian Autonomous Foreign Exchange Market (NAFEM).
At the end of trading on Monday, the Naira lost N5 against the dollar following the rate of N1,485.53/$1 it recorded on Friday, June 21, 2024.
The intra-day high and low recorded during the day were N1,505/$1 and N1,411/$1 respectively, representing a lean spread of N94/$1.
Similarly, the Naira slumped against the dollar at the parallel section of the market to trade at N1,505/$1, as against the rate of N1,495/$1 it traded the previous trading day representing a loss of N10 for the local currency.
However, the Naira closed flat against the British Pound to trade at N1,890/£1, same as the previous trading day’s rate of N1,890/£1.
For several weeks consecutively, 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 gained N10 against the Euro to trade at N1,580/€1 as against the previous trading day’s rate of N1,590/€1.
