Saturday, 25 March 2017

Naira appreciates against dollar at parallel market.

Image result for The Naira has further appreciated against the dollar at the 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.



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