Naira Holds Strong Against US Dollar, Gains 0.06%
Naira Holds Strong Against US Dollar, Gains 0.06% By Onyeaghala Emmanuel Obinna December 20, 2021 0 Naira Naira Holds Strong Against US Dollar, Gains 0.06% Naira Naira Holds Strong Against US Dollar, Gains 0.06% Naira appreciates by 0.06 per cent to N414.80 on Monday at the Investors and Exporters foreign exchange window after the local currency closed at ₦415.05 on Friday. Trading data show that the local currency appears to have found a position around N414.80 where it had stayed for a while when naira records moderate gains in the FX market. Read: Naira Depreciates to N414.80 at Official FX Window In the foreign exchange market space for investors and exporters at the weekend, most participants maintained bids between ₦405.00 and ₦444.00 per dollar, according to FSDH Capital. Similarly, Nigeria’s gross external reserve remained under moderate pressure, declining by $181.19 million to $40.71 billion as the Central Bank (CBN) continued to support the naira at the offi...