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Naira gains N7.93 against dollar at official market

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The Naira on Monday opened the trading week on a stronger note, appreciating against the dollar at the official market to trade at N1,456.56.

According to data released on the website of the Central Bank of Nigeria, the Naira gained N7.93.

This represents a 0.5 per cent gain when compared to Friday, Dec. 19, when the local currency traded at N1,464.49 to a dollar.

The gain represents an improvement for Naira which experienced depreciation in the previous week.

Grace Alegba

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective. A unique organization, founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favour. The Verge Communications is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.

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