Naira Vs Dollar: How Naira Fared Against Dollar In The Parallel Market (Aug 6, 2017)

The naira on Sunday, August 6, closed at 365 per United States dollar at the parallel market, reversing the gain it recorded in the past week. Last week, the local unit had closed at 363/dollar. The Nigerian currency, which initially traded at 365/dollar, recorded slight after the Central Bank of Nigeria (CBN), sold $462m to […]

Naira Bounces Back at Parallel Market

Naira on Tuesday appreciated against the dollar at the parallel market after a sustained one week depreciation. Naira traded between N380 (buying rate) and N390 (selling rate), stronger than N395 recorded on Monday, while the Pound Sterling and the Euro closed at N480 and N415 respectively. At the Bureau De Change window, the naira was […]