Naira Gains 0.90% Against Dollar at Spot Market


Nigeria’s Naira gained 0.90 percent on Monday at the spot market to close at N305 against the US dollar, and continued to strengthen to the dollar at the parallel market.

At the parallel market the Naira/Dollar buy rate remained stable to close at N445/US$ while the selling rate strengthened to N455/US$ compared to last Friday’s rate of N460/US$.

The Naira also firmed up to the Euro at N475 compared to Friday’s  rate of N490 and also extended gains against the Pound Sterling to trade at N520 to one British Pound, compared to N530 it was exchanged for previously at the parallel market.


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