Naira appreciates against dollar at parallel market.
The Naira has further
appreciated against the dollar at the parallel market.
The Nigerian currency
on Friday afternoon exchanged between 380 Naira and 390 naira respectively
which is stronger than N400 recorded on Thursday, while the pound sterling and
Euro closed at N490 and N430.
At the Bureau, De
Change window, the Naira was sold at N399 to the dollar, while the pound
sterling and the Euro were sold at N500 and N400.
The Nigerian currency
also appreciated at the interbank market, closing at 307 naira to the dollar,
from 308 Naira recorded on Thursday.
Meanwhile traders at
the market have ascribed the gains to the liquidity boost at the interbank
market by the Central Bank of Nigeria.
Comments
Post a Comment