Naira gains at black market

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Naira appreciates 0.60 per cent but loses at the official market.

Naira gained marginally against the U.S. dollar at the parallel market on Monday after witnessing a slight depreciation in the previous session last week Friday.

This implies a N3.00 or 0.60 per cent appreciation from the N506.00 rate it traded in the previous session last week Friday. Monday’s performance represents a N1.29 or 0.31 per cent depreciation from the N410.38 rate it traded in the previous session on Friday last week.

 

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