The Naira started the week at a low, losing N1 and trading N1541/$1 at the official window

The Naira started the week on a losing note and traded at N1541.94/$1 on Monday 30 September 2024 against the American dollar at the official window

The local currency traded at N1541.94/$1 at the official window according to data from the Nigerian Autonomous Foreign Exchange Market (NAFEM).

This shows that N1,541.94/$1 is N1.94 lower than the N1,540/$1 the currency traded at the official window on the previous trading day.

However, the naira closed flat against the dollar on the parallel section of the forex market and traded at N1,700/$1 the same as against the previous day’s rate of N1,700/$1.

The Naira lost N15 against the British Pound and traded at N2,280/£1 compared to the previous rate of N2,265\£1.

The Canadian dollar is trading at N1,280| CA$1 is the same as the previous rate of N1,280| CA$1.

The Naira lost N20 flat against the Euro and traded at ₦1,880/€1 compared to the previous day’s value of ₦1,860/€1.

By: Babajide Okeowo

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