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Naira appreciates against dollar at official, parallel markets

Freedom Online by Freedom Online
January 9, 2015
in Breaking News, Business, Economy, News
0

The Naira on Friday appreciated against the dollar at both the official and parallel markets.
The Naira at both segments gained three naira to trade at between N187 and N188, respectively from the N190 and N191 it traded on January 5.
The Naira also appreciated against the Pound Sterling at the Bureau De Change (BDC), trading at N290 from the N292 it traded on Monday, January 5.
At the parallel market, otherwise known as black market, it exchanged for N292 from N295 it sold at the beginning of the week.
It, therefore, gained two and three naira, respectively at both segments of the market.
The Naira remained firm against the Pound Sterling at the official (CBN) to trade at N260.36k since December 29.
Also, the Naira at the BDCs traded for N227 against the Euro from the N229 it sold on January 5.
It went for N233 to one Euro at the parallel market as against the N235 it traded on Monday. January 5.

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