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Naira gains 9.7% at parallel market - Latest Nigeria News, Nigerian Newspapers, Politics

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Naira gains 9.7% at parallel market

THE naira appreciated on the parallel market on Tuesday. It gained 9.65 per cent against the dollar.

The naira, which had weakened to a low N480 at the black market in recent months, firmed from its previous trade of N477 on Friday.On Monday, traders at the black market refused to show quotes as panic set in following the central bank’s announcement about retail currency operators last Thursday.

 

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Naira Appreciates Further at Parallel Market - THISDAYLIVEBy Obinna Chima The naira strengthened to N440 to a dollar at the parallel market on Tuesday, compared with the N465 to a dollar it was the previous day. The naira had closed at N477 to a dollar at the unregulated forex market last Friday. Currency dealers attributed the development to the planned resumption of …
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