By Babajide Komolafe

The naira further by18 kobo at the interbank foreign exchange market on MondayReflecting the persistent impact of the dollar inflow into the market last week from oil firms, the interbank exchange rate dropped to N150.0125 per dollar at the close of business from N150.1925 the previous week.

naira

Last week, the naira appreciated in all the segments of the foreign exchange market following $348m supply from oil firms.

The naira gained seven kobo at the official segment where the exchange rate dropped to N148.6 from N148.67 the previous week.

At the interbank segment, the naira gained nine kobo as the interbank rate closed at N150.1925  from N150.2825.
Also reflecting the impact of the dollar inflow, demand at the Wholesale Dutch Auction System (WDAS) fell by 23.5 per cent to $393.4m from $516.7m the previous week.