Naira closes at N305.75 against Dollar


The Naira, on Monday appreciated slightly against the Dollar to close at N305.75 against N305.80 and N305.85 traded throughout last week at the official spot market but remained stable at N362 at the parallel segment of the foreign exchange market.

It dropped two point to close at N444 per Euro against N442 sold over the weekend.

But the Naira, began trading low at the N360.07 represented 0.03 per cent drop compared to N359.97 recorded on Friday, however, traded high at N361.50 before closing at a more depreciated rate of N360.47 weaker than N360.32 sold the last trading day of last week.

The local currency, at the unofficial forex market concluded Monday trading at unchanged rate of N500 to Pound sterling.


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