On the black market on Monday, the naira climbed against the pound and euro, while the dollar exchange rate remained unchanged from the previous trading session.
Nigerian currency closed Monday at N411.50 per $1, the same value it traded at on Friday last week, according to data posted on the FMDQ Security Exchange, where Naira is legally exchanged.
This occurred as forex turnover increased by 3.11 percent to $139.49 million at the end of the market session on Monday, up from $135.28 million the previous session on Friday last week.
The Naira had a mixed day in the unregulated foreign exchange (FX) market yesterday. While it rose against the Pound Sterling and the Euro, it remained stable against the US dollar.
Data from abokifx shows naira closed at N504.00 per $1 on Monday, the same rate it traded in the previous session on Friday last week.
Against the British currency, the Naira regained the N2 it lost Friday to close at N705/£1 compared to Friday N703/£1.
The Naira also strengthened against the Euro to close at N592/€1 from N595/€1 on Friday last week.
Join the conversation
SPECIAL REPORT: Displaced residents of Zamfara battle hunger, as underfunding derails Nigeria’s nutrition goals
On paper, Muhammad Zayyanu is seven years old. The quiet boy who looks shorter for his age could not recollect...
INVESTIGATION: N7.3bn paid for unnamed projects; how Nigerian govt spent N2.2trn in six months
Analysing nearly 3,000 payments made by various Federal Government Ministries, Departments and Agencies (MDAs) over the previous six months (January...
INVESTIGATION… Delay rocks Nigerian govt’s promise of N30,000 covid-19 relief for artisans, others
Before the outbreak of the COVID-19 pandemic in February, 2020, Chukwudi Okoroigwe’s daily earnings as a bus driver was hardly enough to cater to the...
INVESTIGATION… Ten years after, communities count losses as AfDB, Cross River govt abandon road project
Ten years after the Cross River State government and African Development Bank (AFDB) jointly awarded the Yahe-Wanokom-Wanikade-Benue border road for...
INVESTIGATION….N.3bn down the drain: Why water projects for Enugu communities don’t work
In this concluding part, ARINZE CHIJIOKE talks about some of the projects that are serving the people and how various WASH programmes have failed to tackle...