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Nigeria Naira Appreciates Further Against The Dollar

Nigeria Naira

The Nigeria Naira today Thursday appreciates its gains further against the dollar at the parallel market, few days after the Central Bank of Nigeria announced a new forex policy.

Nigeria Naira exchanged today Thursdayat N500 to a dollar after closing at N505 on Wednesday, while the Pound Sterling and the Euro closed at N600 and N510 respectively.

At the Bureau De Change (BDC) window, the Nigeria Naira closed at N399 to a dollar, while the Pound Sterling and the Euro traded at N635 and N545, respectively.

Forex market trading at the interbank window saw the Naira closed at N305.50 to a dollar.

Forex Traders at the forex market said that the new forex policy by the CBN opening up dollar sales to commercial banks for school fees, medicals and Personal Travel Allowances was impacting the market positively. (NAN)


Rev Francis Waive

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