By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: Naira Appreciate Against Dollar At Parallel Market
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
BusinessNews

Naira Appreciate Against Dollar At Parallel Market

Farouk Mohammed
By Farouk Mohammed
Published: June 21, 2016
Share
1 Min Read
SHARE

Naira-Dollar-1-1-1-1-1-1-2-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1

The Naira on Tuesday appreciated further against the dollar at the parallel market.

The Nigerian currency gained N9 at the close of trading on Tuesday to exchange at N335, from N344 it traded on Monday.

The Naira also appreciated against the Pound Sterling and the Euro as it traded at N450 and N356 respectively.

- Advertisement -

Meanwhile, the Naira also exchanged at N281.85 at the official interbank rate at the end of trading on Monday.

Traders at the market said that the consolidated appreciation of the Naira at the market reflected the impact of the flexible exchange rate.

They added that the new foreign exchange policy had the potential of frustrating the activities of currency hoarders and speculators.

NAN reports that the new forex regime which took effect on Monday had rejuvenated activities at the market.

- Advertisement -

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:DollarNaira
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByFarouk Mohammed
Publisher
Follow:
Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
Previous Article Pastor Ize-Iyamu’s Reportedly Picks Mercy Johnson’s Husband ‘Prince Odi Okojie’ As Running Mate
Next Article Bristow Helicopters Introduces New Rescue Helicopter

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Rate

Okay.ng Logo
Buy Rate ₦1,560.00
Sell Rate ₦1,570.00

Updated: 19 hours ago

Displayed rates are for informational purposes only and are subject to change.

Quick Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Naira Depreciates to N1,585 per Dollar in Parallel Market Amid Mixed Exchange Rate Movements
Economy
Lucky Aiyedatiwa
Controversy Erupts Over Ondo Government’s Probe into Late Governor Akeredolu’s Death
News
Nationwide SIM Services Disruption Looms as NIMC Transitions to New Identity Verification Platform
News
Aminu Dantata Buried in Madinah as Prayers Echo from Nigeria to Saudi Arabia
News
Atiku, PDP Leaders Hold Strategic Meeting Ahead of Opposition Coalition Talks
Politics
- Advertisement -
Ad imageAd image

You May Also Like

Styrofoam
News

Lagos Begins Enforcement of Ban on Styrofoam, Single-Use Plastics Despite Industry Pushback

Muhammad A. Aliyu
Muhammad A. Aliyu
July 1, 2025
Sport

Federation Cup Glory: Governor AbdulRahman AbdulRazaq Rewards Kwara United Players with N5 Million and Land

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
July 1, 2025
Politics

Igbo Youths Tie 2027 Support to Kanu’s Release Following Kenyan Court’s Landmark Ruling

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
July 1, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?