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Naira appreciates against dollar at parallel market - Bank/Money - XtremeLoaded

XtremeLoaded Forum / Bank/Money / Naira appreciates against dollar at parallel market (1 Post | 225 Views)

Naira remains stable at N310 to dollar at parallel market / Banks struggle with excess N1.5trn deposits / Naira appreciates against dollar at parallel market /

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Naira appreciates against dollar at parallel market by Everest(m) : 10:24 PM On 2016

The Naira on Tuesday appreciated towards the greenback on the parallel market, closing at N468 to a dollar.

The Nigerian currency won N2 from N470 it posted on Monday even as it exchanged at N570 and N517 in opposition to the Pound Sterling and the Euro, respectively.

buying and selling on the Bureau De trade (BDC) phase of the marketplace showed that the Naira is being bought at the authorised fee of N380 to the greenback, whilst Pound Sterling traded at N580 and Euro at N515.

on the reputable inter-bank market, the naira remained at N304.seventy five to a dollar.

traders at the market attributed the convenience inside the liquidity mission inside the marketplace to the resumption in the sale of bucks to BDCs by Travelex.

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