Naira Appreciates Across Forex Market - Business - Ifeyinka

Tuesday, March 14, 2017

The Naira gained across all the foreign exchange segments on Monday following the additional sales of $170 million by the Central Bank of Nigeria (CBN) last week.

The local currency improved three points on the parallel market to exchange at N452, from N455 posted on Friday, while the Pound Sterling and the Euro closed at N550 and 476, respectively.

At the Bureau De Change window, the Naira was sold at N399 to a dollar, CBN stipulated rate, while the Pound Sterling and the Euro traded at N547 and N482, respectively.

On the interbank market window, the Nair closed at N306 to a US dollar.Trading on the floor of the interbank market saw the Naira closed at N306.00 to a dollar.

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