The Naira earned N10, trading at N1400/$1 on the black market

Nigeria’s currency, the naira, rose N10 against the American dollar on Monday after trading at N1,410/$1 for the last four consecutive days.

The local currency strengthened by N10 against the British Pound, trading at N1,900/£1, compared with N1,910/£1 the previous day.

The Naira continued to close flat against the Canadian dollar and traded at N1,000/CA$1.

The naira rose N5 against the euro, trading at ₦1,610/€1, compared with the previous day’s ₦1,615/€1.

Also read: NGX: Equity markets kick off the week with N443 billion gain for investors

The Central Bank of Nigeria (CBN) was yet to release the official exchange rate at the time of writing with the naira closing at N1,356.88/$1 on Friday last week.

By: Babajide Okeowo