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Naira falls at official market

According to the data, the naira closed Monday at N1,508.99/$1 as against N1,505.30/$1 posted in the previous segment on Friday last week.

The domestic currency experienced an intraday high of N1,441.00 and a low of N1,536.00 before it eventually closed at N1,508.99 /$1 on Monday.

The spot market segment recorded a foreign exchange turnover of $122.31 million, the FMDQ data showed.

However, the dollar recorded a marginal gain at the parallel market on Monday, after the currency slipped slightly in the previous session on Friday last week.

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