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Naira Appreciates Against Dollar at Parallel Market

Farouk Mohammed
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Farouk Mohammed
ByFarouk Mohammed
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Farouk Mohammed is the Publisher and Lead Editor of Okay News, an international digital news platform delivering verified reporting across technology, global affairs, business, innovation, and...
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Published: 2016/02/01
1 Min Read
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The Naira on Monday slightly Appreciated against the dollar at the parallel market, in spite of scarcity of the U.S. dollar.

The Naira gained one point to exchange at N305 from N306 it exchanged previously.

At the official market, the Nigerian currency closed at N197 to the dollar.

Traders in the parallel market, however, noted that the naira had remained stable, exchanging between N305 and N306 to the dollar.

TAGGED:DollarNairaParallel Market
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ByFarouk Mohammed
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Farouk Mohammed is the Publisher and Lead Editor of Okay News, an international digital news platform delivering verified reporting across technology, global affairs, business, innovation, and development. He has over a decade of experience in journalism and international media, with a strong focus on geopolitics, conflict reporting, human rights, and the global digital economy.
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