The naira rose to N1,485 on the black market following improved dollar liquidity as foreign exchange policies support the naira.
This represents N15 gain over N1,500 per dollar quoted on the previous day in the parallel market also known as black market.
At the Nigerian Foreign Exchange Market (NFEM), the Naira appreciated as the dollar was quoted at N1,497.11 on Monday as against the previous close of N1,500.73, data from the FMDQ Securities Exchange Limited showed.