Data from the Central Bank of Nigeria, CBN, confirmed that the naira weakened to N1,347.94 per greenback on Monday from N1,346.26 recorded on Friday.
This implies that the naira depreciated by N1.68 in opposition to the greenback on the primary buying and selling day of November.
Meanwhile, on the parallel market, the naira remained steady at N1,390 per greenback on Monday, the identical fee recorded final week.
The blended sentiments throughout the overseas alternate markets got here as Nigeria’s exterior reserves dropped to $55.22 billion as of October 30, from $55.24 billion recorded the day past, in accordance with official information from the apex financial institution.
