As some important economic activities resumed in the country on Monday, following the ease of the lockdown directive, the Naira appreciated against the American Dollar at both the black market and the Investors and Exporters (I&E) segment of the foreign exchange market.
At the black market, the Naira appreciated by N20 against the Dollar to close at N430/$1 in contrast to N450/$1 it traded at the preceding session.
However, at the same market segment, the local currency depreciated by as much as N15 against the Pound Sterling to close at N525/£1 in contrast to N510/£1 it previously traded, while the Naira appreciated by N10 against the Euro to close at N435/£1 compared with N445/£1 at the previous session.
At the I&E window, the domestic currency appreciated by 0.85 percent or N3.30 to close at N384/$1 in contrast to N387.30/$1 at the previous session.
At the black market, the Naira appreciated by N20 against the Dollar to close at N430/$1 in contrast to N450/$1 it traded at the preceding session.
However, at the same market segment, the local currency depreciated by as much as N15 against the Pound Sterling to close at N525/£1 in contrast to N510/£1 it previously traded, while the Naira appreciated by N10 against the Euro to close at N435/£1 compared with N445/£1 at the previous session.
At the I&E window, the domestic currency appreciated by 0.85 percent or N3.30 to close at N384/$1 in contrast to N387.30/$1 at the previous session.
