The value of the Nigerian naira strengthened to 1,339.33 per US dollar at the close of trading on the official window on Monday. This marks a 9.68% increase from Friday’s rate of 1,482.81 per US dollar.
Data from FMDQ revealed that the daily turnover decreased to $180.80 million from $556.25 million on Friday, representing a 67.50% decline.
On Monday, the naira was traded at a high of N1,501 and a low of N1,310 against the dollar on the official market. Meanwhile, on the black market, the naira was exchanged at N1,520 per dollar, indicating a 1.32% depreciation from the rate of N1,500 on Friday.
