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The naira exchange rate on Monday appreciated at the inter-bank market closing at N316.50 as against its closing rate last Friday of N319.75 to a dollar.
The currency had on Thursday closed at N316.13 to a US dollar on Thursday as the market continued to find its path of price discovery.
On the other hand, the parallel market rate of the naira remain unchanged as it closed at N378 to a dollar.
Naira Watch: Tracking Nigeria's Currency [Day 27]
Friday - Closed: 316.13
Today Open: N318.25
High Rate: N324
Low: N310.50
Related: CBN Makes 3 Fresh Moves to Stop Continued Naira Depreciation
The currency had on Thursday closed at N316.13 to a US dollar on Thursday as the market continued to find its path of price discovery.
On the other hand, the parallel market rate of the naira remain unchanged as it closed at N378 to a dollar.
Naira Watch: Tracking Nigeria's Currency [Day 27]
Friday - Closed: 316.13
Today Open: N318.25
High Rate: N324
Low: N310.50
Related: CBN Makes 3 Fresh Moves to Stop Continued Naira Depreciation