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The naira appreciated against the dollar astatine the authoritative overseas speech marketplace connected Monday, opening the week and the caller period of August connected a affirmative note.
Data from the Central Bank of Nigeria showed that the naira strengthened to N1,364.83 per dollar connected Monday, up from N1,368.22 per dollar recorded connected Friday. This means the naira gained N3.39 against the dollar connected Monday compared to the adjacent of trading past week.
Meanwhile, astatine the achromatic market, the naira remained unchanged astatine N1,425 per dollar connected Monday, the aforesaid speech complaint recorded connected Friday.
The improvement comes arsenic the country’s overseas reserves stood astatine $51.92 billion, according to information from the apex bank.
Recall that the naira recorded a week-long depreciation to extremity past week.
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