Naira appreciates against the dollar

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The Naira has appreciated against the dollar at the parallel market, according to reports.

The Nigerian currency gained N1 to exchange at N364 to the dollar, stronger than N365 posted on Friday, while the Pound Sterling and the Euro closed at N470 and N430.

Trading at the Bureau De change (BDC) window saw the Naira closing at N362 to the dollar, while the Pound Sterling and the Euro traded at N470 and N430.

At the investors’ window, the Naira was sold at N360.39 to the dollar, while it exchanged at N305.8 to the dollar at the interbank market.

Traders said that activities at the market was yet to resume fully as most traders were yet to come come back from the Sallah break.


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