By Adedapo Adesanya
Monday, July 29, 2019, closed at the Investors and Exporters (I&E) segment on a positive note for the Naira, with the local currency appreciating by 10 kobo against the US Dollar as the pressure on the Naira begin to ease.
At the market, the local currency traded against the American dollar at N361.87/$ from the previous N361.97/$, with the daily market turnover on Monday at $171.89 million.
At the interbank, it was also a similar story as the Naira appreciated against the American Dollar, but this time by 5 Kobo to traded at the close of business at N306.85/$ from N306.90/$.
At the parallel segment of the foreign exchange (forex) market, the local currency closed with no changes. Business Post reports that the Naira traded at a fixed N360 per Dollar at the end of trading window last week Friday.
It was no different story for the Naira against the British Pound and the Euro on the same segment of the market as the local currency remained fixed against both currencies.
The Naira traded against the British Pound at N455/Pound as it did at the previous closing price on Friday and against the Euro, the local currency remained flat at N402/Euro from the same exchange rate last week Friday.
Dipo Olowookere