The Naira, on Tuesday, October 11, closed flat at the Interbank or spot FX market exchanging at N304.75 to one US dollar same as Monday’s closing rate.
The local currency had appreciated 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 N460/US$ compared to N467/US$ it traded for on Monday.The Naira/Euro rate at the parallel market remained unchanged at N515, while the Naira/Pound rate improved to N560 to one Pound Sterling from N570 to one Pound Sterling it was exchanged for on Monday.
