ga('send', 'pageview');

Naira Loses 0.02% at Interbank, 0.09% at I&E

By Modupe Gbadeyanka

The performance of the Naira against the Dollar at the foreign exchange market was not too impressive on Monday.

This was because the local currency recorded a marginal loss in value against the Dollar at the forex market.

Business Post reports that the Naira depreciated marginally by 0.02 percent at the Interbank FX market to close at N306.25/$.

ALSO READ  Oranto Petroleum Signs Exploration Deals in Uganda

At the Investors and Exporters (I&E) FX window, the local currency also slightly went down further yesterday by 0.09 percent to settle at N363.11/$.

According to data from the FMDQ OTC Market, a total of $586.83 million was transacted on Monday in 284 deals.

However, at the parallel market, the local currency appreciated by 0.28 percent against the Dollar to close at N360/$ against N361/$ it previously traded.

ALSO READ  Naira to Sustain Stability on Rising Crude Oil Price, Reserves

A look at the Naira against the British Pound Sterling showed that the local currency against 0.21 percent or N1 to finish at N466 at the black market yesterday, while it traded flat against the Euro at the same market segment.

Related Articles

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

more recommended stories

%d bloggers like this: