The Naira on Monday appreciated against the dollar at the parallel market, the News Agency of Nigeria (NAN) reports.
The Nigerian currency gained three points to exchange at N388 to the dollar, stronger than N391 it traded on Friday, while the pound sterling and the Euro closed at N495 and N425.
At the Bureau De Change (BDC) window, the Naira was sold at N362 to the dollar, while the pound sterling and the Euro closed at N495 and N423.
Trading at the interbank market showed that the Naira closed at N305.7, while the pound sterling and the Euro closed at N453.18 and N386.28.
Currency traders said the liquidity boost at the FOREX market had forced the naira to appreciate. Click to signup for FREE news updates, latest information and hottest gists everyday
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N1 naira is now equal to $1 Dollar!
ReplyDeleteSai Baba!
Chanji Dole!
We will get there one day @ isiaka.
DeleteAnd with the look of things it shows that God is at peace with Osibanjo as a president of this country. Power was just given to him and naira began to gain strength. We still expect more ijn.
Mr Dare, stop being ethno-tribal-religious myopic. Osinbajo is not different from Buhari except you are saying that Osinbajo is an unhidden force holding naira to appreciate if Buhari is around.
Delete