Naira maintains steady gains, trades at N1,136/$1 at official window - Ripples Nigeria
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Naira maintains steady gains, trades at N1,136/$1 at official window



Naira continues free fall against U.S dollar

The naira maintained its steady gain on Monday April 15, 2024 at both official and parallel windows as the domestic currency traded at N1,136/$1, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) window showed.

This represents a gain of N6 when compared to the previous exchange rate of N1,142/$1 on Friday, April 12, 2024.

The intra-day high and low recorded during the day were N1,227/$1 and N1,000/$1 respectively, representing a lean spread of N227\$1.

Similarly, the naira maintained steady appreciation against the dollar at the parallel window to trade at N1,108/$1 representing a gain of N42 when compared to the N1,150/$1 it traded the previous day.

READ ALSO:Naira inches closer to N1,000/$1 mark, closes at N1,142/$1 at official window

The British Pound also slumped against the naira by N30 to trade at N1,470\£1 as against the previous trading price of N1,500/£1 representing a gain of N30 for the local currency,

The Canadian dollar however closed flat against the naira to trade at N950| CA$1 same as the previous trading day representing neither loss or gain for the local currency.

The Euro slumped against the naira to trade at ₦1,250/€1 as against the rate of ₦1,280/€1 the previous trading rate indicating a slump of N30 in the European currency.

By: Babajide Okeowo

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