The Nigerian Naira appreciated to N1000 per US dollar($) as Monday’s foreign exchange market commenced.
Sources confirmed this, insisting that the Naira is expected to appreciate further below the N1000 per dollar within the week.
“The Naira is selling between N1000 and 1050 per dollar on Monday. As the week goes on, the Naira will appreciate further to below N1000 per dollar”.
Meanwhile, American investment and financial services bank had earlier reported that the Naira emerged as the best-performing currency in April.
Positively, the Nigerian currency has continued to appreciate against the dollar, moving from N1,900 in February to N1,000 at the parallel market.