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News

Naira Appreciates Against Dollar at Parallel Market

Farouk Mohammed
By Farouk Mohammed
Published: May 8, 2017
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The Naira on Monday appreciated against the dollar at the parallel market, the News Agency of Nigeria reports.


 

The Nigerian currency gained three points to exchange at N388 to the dollar, stronger than N391 it traded on Friday, while the pound sterling and the Euro closed at N495 and N425.

At the Bureau de Change window, the Naira was sold at N362 to the dollar, while the pound sterling and the Euro closed at N495 and N423.

Trading at the interbank market showed that the Naira closed at N305.7, while the pound sterling and the Euro closed at N453.18 and N386.28.

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Currency traders said the liquidity boost at the FOREX market had forced the naira to appreciate. (NAN)

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TAGGED:DollarNairaParallel Market
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ByFarouk Mohammed
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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
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Dollar/Naira Rates

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Parallel Market Rates

USD
Buy₦1,535.00
Sell₦1,545.00
GBP
Buy₦2,128.00
Sell₦2,160.00
EUR
Buy₦1,760.00
Sell₦1,810.00

Updated: 4 hours ago

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

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Rates are for informational purposes only.

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