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Stats: 12,422 members, 4,370 topics. Date:   January 17, 2017, 7:06 pm

Naira appreciates at interbank market - Bank/Money - XtremeLoaded

XtremeLoaded Forum / Bank/Money / Naira appreciates at interbank market (1 Post | 149 Views)

Nigerian Naira now sells N194 to a dollar / Naira appreciates against dollar in all segments of Forex market / Heritage Bank launches exclusive PMAN biometric identity card /

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Naira appreciates at interbank market by Everest(m) : 6:25 PM On 2016

The Naira on Monday gained 50k to exchange at N305.00 to a dollar at the interbank market, the News Agency of Nigeria (NAN) reports.

The Nigerian currency had closed at N305.50 for most part of last week at the interbank market.

However, naira remained stable at the parallel market, closing at N465 to a dollar, while Pound Sterling and Euro exchanged at N565 and N490, respectively.


Trading at the Bureau De Change (BDC) window saw the naira closing at N390 to a dollar, CBN controlled rate, while Pound Sterling and Euro traded at N562 and N500 respectively.

Currency traders said that uneasy calm had prevailed at the market due to its raid by officials of the Department of State Security (DSS) in some parts of the country.

NAN reports that in spite of the raid, the naira had remained pretty stable.

Meanwhile, stakeholders expect the Monetary Policy C

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