The naira recovered against the American dollar at both the official and parallel windows on Monday, September 2, 2024.

The local currency traded at N1,585/$1 at the official window according to data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) and N1,635/$1 at the parallel market.

This indicated that the N1,585/$1 was N13 lower than the N1,598/$1 the currency traded at the official window the previous day.

The intra-day high and low recorded during the day were N1,619/$1 and N1,500/$1 respectively, representing a lean spread of N119$1.

READ ALSO:Naira sheds N5 at official window, trades N1,598/$1

The naira gained N10 against the dollar at the parallel section of the forex market to trade N1,635/$1 as against the previous N1,645/$1.

The naira also gained N10 against the British Pound to trade N2,130/£1 as against the previous N2,140£1.

The Canadian dollar closed flat against the naira to trade N1,250| CA$1.

The naira also gained N40 against the Euro to trade ₦1,780/€1 as against the previous day’s ₦1,820/€1.

By: Babajide Okeowo

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