Business Naira Watch: Tracking Nigeria's Currency [Day 23]

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ProfRem

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The Naira on Monday appreciated against the United States Dollar closing at N282, twenty-three days after the Apex bank removed the currency peg.

The naira opened the day's trading at N305.25 to the United States Dollar and closed at N282 at the inter bank market, according to data mined from the Bloomberg news.


naira_nigeria.jpg

Naira Watch: Tracking Nigeria's Currency [Day 22]

Friday - Closed: 305.25
Today Open: N305.25.25
High Rate: N310
Low: N282.00

Meanwhile, the Naira on Monday remained stable at the parallel market, the News Agency of Nigeria reports.

The Nigerian currency maintained N378 to the dollar at the close of trading on Monday afternoon, keeping same value as at Friday.

Related: CBN Monetary Team Meets To Discuss Recession, Rising Inflation, Others
 
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