FX: Naira gains at parallel market, closes at N770/$1

FX: Naira gains at parallel market, closes at N770/$1

The Nigerian currency, Naira on Tuesday appreciated against the US Dollar to close at an average of N770/$1 at the black market, representing a 0.39 per cent appreciation as against N773/$1 recorded on Monday.

Checks, also, revealed that the value of the naira improved against the US dollar at the cryptocurrency peer-to-peer market, closing at a minimum of N767/$1, appreciating by 1.26 per cent from N776.9/$1 that was recorded in the previous trading session.

At the Importers &Exporters window, the Nigerian currency, the Naira improved against the Greenberg to close at N444.7/$1, representing a 0.37 per cent appreciation from N446.33/$1 recorded in the previous trading session.

A total of $74.98 million was traded at the official market on Monday, which was 36.06 per cent lower than the $117.26 million traded last week Friday.

Nigeria’s external reserve dipped further for the fourth consecutive day on Friday last week, it declined by 0.02 per cent to stand at $37.17 billion from $37.18 billion recorded as of the previous day.