The Naira appreciated massively against the Dollar at the official foreign exchange market on Monday, October 14, 2024 to begin the week on a positive note.
The local currency traded at N1,552.92/$1 at the official window according to data from the Nigerian Autonomous Foreign Exchange Market (NAFEM).
This indicated that the N1,552.92/$1 was N88.35 higher than the N1641.27/$1 the currency traded at the official window on Friday, October 11, 2024.
READ ALSO: Naira loses N63 to trade N1625/$1 at official window
The naira closed flat against the dollar at the parallel section of the forex market to trade at N1, 700/$1 same as the previous day’s rate of N1, 700/$1.
The naira closed flat against the British Pound to trade at N2,270/£1 same as the previous rate of N2,270£1.
The Canadian dollar still traded at N1, 280/CA$1 same as the previous rate of N1, 280/CA$1.
The naira lost N10 against the Euro to trade at ₦1,8700/€1 as against the previous day’s rate of ₦1,860/€1.
By: Babajide Okeowo
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