The naira started the new week on a weak note as it traded at 1,533.67/$ at the Nigerian Foreign Exchange Market domiciled on the Central Bank of Nigeria website, compared to 1,532.51/$ on Friday, indicating a 0.08 per cent dip.
The exchange rate touched an intraday high of 1,535/$, and the lowest rate for the day was 1,532/$ amidst rising external reserves, which stood at $40.72bn as of last Wednesday.
At the parallel market, it closed at 1,543/$, stronger than the average from last week, which was 1,545/$.
The naira had been projected to trade mostly stable at the official window this week, supported by continued interventions of the Central Bank of Nigeria and improved FX inflows.