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The Naira continued to appreciate against the US Dollar at the foreign market on Monday amid the Central Bank of Nigeria Monetary Policy Committee meeting. Data from FMDQ showed that the Naira appreciated significantly to N1,582.94 per USD on Monday from N1,665.50 on Friday. This represents N72.56 or 3.4 per cent appreciation compared to the N1,665.50 recorded at the close of trading on Friday. Meanwhile, the Naira was exchanged for N1,600 per USD on Monday at the parallel market from an average of N1,500 on Sunday. DAILY POST recalls that Naira recorded a massive gain at the parallel foreign …

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