Naira falls to an eight-month low as dollar rises
Naira fell to an eight-month low against the dollar on Monday, depreciating 0.75 percent against the dollar in the spot market window. The local currency opened trading at N431.30 but closed at N434.75 per dollar at the close of business on Monday. data published by FMDQ where forex is officially traded, he revealed. The Nigeria Naira rose to an intraday high of N425.00 and fell to a low of N437.50 before closing at N434.75 for $1, the weakest official market rate the Naira saw in eight months. This became significant as foreign exchange turnover rose 6.6 percent ($99.68 million) from $93.54…
