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Naira strengthens against dollar at parallel market

Ola Simeon by Ola Simeon
February 1, 2016
in Business
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The Naira on Monday slightly strengthened against the dollar at the parallel market, in spite of scarcity of the U.S. dollar..

The Naira gained one point to exchange at N305 from N306 it exchanged previously.

At the official market, the Nigerian currency closed at N197 to the dollar.

Traders in the parallel market, however, noted that the naira had remained stable, exchanging between N305 and N306 to the dollar.

Tags: dollarnairaparalled market
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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.