The Naira, on Monday, depreciated marginally against the American dollar at the official window of the foreign exchange (FX) market.
The Central Bank of Nigeria (CBN) foreign exchange data showed that the Naira closed at N1,437.29/$1, as against the N1,436.57/$1 it traded on Friday.
This represents a depreciation of N0.72 for the local currency against the American greenback.
The Naira lost N5 against the American greenback to trade at N1,465/$1, as against the previous day’s rate of N1,460/$1.
The Naira gained N10 against the British Pound to trade at N1,930/£1 as against the previous day’s rate of N1,940/£1.
The local currency closed flat against the Canadian dollar to trade at N1,100/CA$1, the same as the previous day’s rate of N1,100/CA$1.
It gained N10 against the Euro to trade at N1,670/€1 as against the previous day’s rate of N1,680/€1.