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Naira gains N88 against dollar to begin week on positive note
The Naira appreciated massively against the Dollar at the official foreign exchange market on Monday, October 14, 2024 to begin the week on a positive note.
The local currency traded at N1,552.92/$1 at the official window according to data from the Nigerian Autonomous Foreign Exchange Market (NAFEM).
This indicated that the N1,552.92/$1 was N88.35 higher than the N1641.27/$1 the currency traded at the official window on Friday, October 11, 2024.
READ ALSO: Naira loses N63 to trade N1625/$1 at official window
The naira closed flat against the dollar at the parallel section of the forex market to trade at N1, 700/$1 same as the previous day’s rate of N1, 700/$1.
The naira closed flat against the British Pound to trade at N2,270/£1 same as the previous rate of N2,270\£1.
The Canadian dollar still traded at N1, 280/CA$1 same as the previous rate of N1, 280/CA$1.
The naira lost N10 against the Euro to trade at ₦1,8700/€1 as against the previous day’s rate of ₦1,860/€1.
By: Babajide Okeowo
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