Naira Weakens At Parallel Market, Gains At Investors’ Window

The performance of the naira was mixed across the various market segments in the currency market on Monday.

At the parallel market, the naira weakened by 0.41 per cent to close at N741 against the greenback; while at the I &E window, the naira strengthened by 0.38 per cent to close at N462.25/dollar against Friday’s exchange rate of N464.00/$1.

The naira at the interbank segment however closed flat at N460.93/dollar.

In the P2P category of the forex market, the value of the local currency weakened to N743.4 on Monday against Sunday’s exchange rate of N741.1, based on Binance data.