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Naira Strengthens Against US dollar

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Naira strengthened against the US dollar at the black market on Monday, trading at an average of N746/$1, representing a 0.13% appreciation compared to N747/$1 recorded on Friday.

Also, the exchange rate between the naira and the US dollar at the Peer to Peer cryptocurrency market appreciated by 0.16% to trade at a minimum of N749.8/$1 on Monday.

On the other hand, the exchange rate at the official Investors and Exporters window depreciated slightly by 0.04% to close at N451.5/$1 on Friday, compared to N451.33/$1 recorded in the previous trading session.

Written by: Helen Obih

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