N745/$1: Naira remains unchanged at black market on Monday 

The exchange rate between the Naira and the US dollar at the parallel market traded remained unchange at N745/$1 on Monday, the same as recorded in the previous trading session.

Meanwhile, the local currency strengthened by 0.7 per cent against the US dollar at the P2P cryptocurrency exchange, trading at a minimum of N747.65/$1 on Monday morning, compared to N752.95/$1 recorded on Friday.

However, the exchange rate at the official Investors and Exporters window depreciated by 0.11 per cent to close at N446.5/$1 on Friday, compared to N446/$1 recorded in the previous trading session.

Forex turnover also declined by 29.86 per cent to $162.17 million on Friday, in contrast to $231.2 million that was traded in the previous session. Nigeria’s external reserve dipped further on Thursday, to stand at $36.96 billion, from $36.97 billion recorded as of the previous day.