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Naira Recovers, Gains N3.38 at Official Market

By Bala Augie
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Naira
Naira and dollar

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Bala Augie
Bala Augiehttps://moneycentral.com.ng
Bala is the Editor of MoneyCentral Media. Bala is a Fellow (FCA) of the Institute of Chartered Accountants in Nigeria (ICAN) and holds a Bsc in Accounting from the University of Abuja. Bala has over 12 years’ experience in the financial journalism landscape with specialization in the Insurance, markets and Finance sectors.
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The Naira on Monday opened the month of August on a positive note at the official market, trading at N1,364.83 to a dollar.

Data from the official Website of the Central Bank of Nigeria (CBN) revealed that the Naira gained N3.38.

This represented a 0.2 per cent gain when compared to Friday when it traded at N1,368.22 per dollar.

The Naira, which experienced weeklong depreciation the previous week, made its first recovery on Monday. (NAN)

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