Naira appreciates further against the US dollar at official market

The naira closed the week on a winning note appreciating further against the dollar on Friday, 5th December 2024 at the official market, marking the second gain in the New Year.

The domestic currency closed at N869.13/$1 data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) window where forex is officially traded indicated a gain of N26.1 in the local currency compared to the N895.23 closed the previous day.

The intraday high Was N1,231/$1 and the low is N700/$1 representing a spread of N531.

The naira also appreciated at the parallel window closing at N1245/$1 as against the N1255/$1 it traded the previous day representing a gain of N10 while peer-to-peer traders quoted around N1251.26/$1.

READ ALSO:Naira reverses losing streak, appreciates to N895.23/$1

The naira however lost N10 against the British pound to close at N1,550/£1 as against the N1,540/£1 it traded on Thursday.

Again, the Canadian dollar maintained a bit of stability to close at N980/CA$1, the same as its closing price yesterday.

The naira however closed flat against the Euro to slump to ₦1,320/€1 same as the previous closing price of ₦1,320/€1 the previous day.

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