Home News Finance Naira Appreciate Against Dollar At Parallel Market
FinanceNews

Naira Appreciate Against Dollar At Parallel Market

Share
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.

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.

Share
Related News
News

Nigeria’s Hajj Commission Reduces 2026 Pilgrimage Fare, Sets Final Payment Deadline

The National Hajj Commission of Nigeria (NAHCON) has announced a major reduction...

News

Fed Govt To List N1tr Real Estate Fund On NGX To Boost Affordable Housing

The Federal Government will tomorrow list its N1 trillion real estate investment...

News

Zamfara Governor Approves Construction Of New NUJ Secretariat In Gusau

Zamfara State Governor Dauda Lawal has approved the construction of a new...

News

Ned Nwoko Alleges Enemies Exploiting Regina Daniels’ Health To Damage His Reputation

Senator Ned Nwoko, who represents Delta North Senatorial District in Nigeria’s National...