Nigerian currency kicked off the new week on a low as it
depreciated against the dollar at the Investors and Exporters window, the
official foreign exchange market.
Naira’s value decreased by 0.09 per cent to close at N430 on
Monday compared with the N429.62 it exchanged for the dollar before the close
of business on Aug. 12, according to FMDQ securities data.
Naira performance happened as a total of $134.30 million was
traded by participants at the I&E window.
At the black market, Naira recorded a marginal appreciation
on Tuesday morning, trading at a minimum of N676.38/$1 compared to N678.98/$1
recorded on Monday.
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