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Naira appreciates slightly at parallel market

Ola Simeon by Ola Simeon
April 8, 2016
in Business, News
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The naira on Friday appreciated slightly against the dollar at the parallel market end of the foreign exchange market.
The naira traded at N321.5 to the dollar on Friday afternoon from the previous N322 on Thursday.
The currency, however, maintained its old rate against the pound sterling and the Euro at that segment of the market.
It is being traded at N450 and N359 to the pound sterling and the Euro, respectively, on Friday.
Meanwhile, the naira has continued to exchange at N197 to the dollar at the official market of the CBN.

Some traders said that transactions at the parallel market were still low as participants remained cautious.

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© 2026 Published by SWAAYA LIMITED, Plot 20, Block G, Scheme 1, Residential 3, OPIC Beachland Estate, Lagos/Ibadan Expressway, Lagos. Gabriel Akinadewo, MD/CEO 08023010222, 08094000056, 08052097814.