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NAIRA EXCHANGE RATE REMAINS UNCHANGED

 

NIGERIA’S NAIRA REMAINED UNCHANGED AGAINST THE U.S. DOLLAR AT THE UNOFFICIAL MARKET AND OFFICIAL MARKETS ON MONDAY.

NAIRA AGAIN CLOSED AT N485 AT THE BLACK MARKET, THE SAME RATE IT HAS CLOSED FOR FIVE DAYS.

SIMILARLY AT THE INVESTORS AND EXPORTERS WINDOW THE NAIRA ALSO CLOSED AT N410 AT THE SAME RATE IT CLOSED ON FRIDAY LAST WEEK.

THIS WAS AS FOREX TURNOVER ON MONDAY ROSE BY 48.24 PERCENT, WITH $47.45 MILLION RECORDED AS AGAINST THE $32.01 MILLION POSTED IN THE PREVIOUS SESSION ON FRIDAY LAST WEEK.

MEANWHILE, NIGERIA CURRENTLY HAS ONE OF THE HIGHEST INFLATION RATES ACROSS COUNTRIES IN WEST AFRICA

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