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Naira gains at parallel market

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The local unit fell on the Nafex window.

Naira appreciated against the U.S. dollar at the unofficial market on Monday, data posted on abokiFX.com, a website that collates parallel market rates in Lagos showed.

Data posted on the FMDQ Security Exchange where forex is officially traded showed that the naira closed at N409.75 at the trading session of the NAFEX window. The domestic currency experienced an intraday high of N400.00 and a low of N420.00, before closing at N409.75 on Monday.

 

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