4 hours ago
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The naira recorded a flimsy depreciation against the US dollar astatine the authoritative overseas speech market, opening the week connected a antagonistic enactment on Monday.
Data from the Central Bank of Nigeria, CBN showed that the naira marginally weakened to N1,362.21 per dollar on Monday from N1,362.09 per dollar on Friday.
This means the naira depreciated by N0.12 against the dollar compared to the N1,362.09 recorded on Friday.
Meanwhile, astatine the achromatic market, the naira remained unchanged astatine N1,410 per dollar on Monday, the aforesaid complaint recorded astatine the adjacent of past week.
This comes arsenic the country’s outer reserves stood astatine $52.01 billion, according to the latest information from the apex bank.
Recall that the naira recorded gains against the dollar successful some the authoritative and achromatic markets 3 days ago.
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