The Naira surged by 0.65 percent on Monday, October 10, at the interbank or spot FX market to close at N304.75 to one US Dollar.
This was in contrast to the depreciation of 0.01 percent recorded last Friday, October 7 when the US Dollar was exchanged for N306.75.
The Nigerian currency had lost 0.01 percent at the spot FX market on Friday to close at N306.75 to one US dollar compared to a leap of 1.14 percent recorded on Thursday, October 6, when the dollar was exchanged for N306.71.
Meanwhile, at the parallel market, the Naira firmed up to trade at N467/US$ compared to N470/US$ it traded at in the last six sessions.
The naira fell to the Euro, as it was bought at N515 in contrast to N500 it was purchased for on Friday, while the Naira/Pound rate improved at N570 to from Friday’s rate of N590.
