The naira appreciated massively against the dollar in both parallel and official foreign exchange markets on Monday ahead of Christmas, DAILY POST reports.
A Bureau de Change operator in Wuse Zone 4, Abubakar
Alhasan, disclosed that the naira closed at N1640 per dollar on Monday, N1,775
recorded on Friday last week. This showed that the naira gained N135 against
the dollar.
Similarly, the Central Bank of Nigeria’s foreign exchange
data showed that the Naira strengthened marginally to N1539.55 on Monday from
N1,541.68, exchanged on Friday last week.
The developments come as the Nigerian government declared
three days of public holidays on Monday to mark this year’s Christmas and New
Year celebrations.
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