Nigeria, May 27 -- On Monday, the Nigerian naira opened the week on a sour note in the official foreign exchange market with an opening rate sliding to as low as N1,583 per United States dollar. Central Bank of Nigeria statistics confirmed.

This consequently brought the currency back following yesterday's previous closing rate of N1,579 per dollar, following apprehension of poor turnaround after its momentary firmness last week at the official window.

Monday's trades recorded the naira trading at a generally stable N1,578 to a high of N1,583 against the dollar. The daily average exchange rate closed around N1,579.65 against the dollar. These moves follow existing economic tension and the uncertainty of Nigeria's foreign exchange policy ...