Wednesday, April 5, 2017

Naira bounces back after one-week depreciation

 

     The Naira has appreciated against the dollar at the parallel market after a sustained one-week depreciation.



   The Nigerian currency yesterday traded between N380 buying rate and N390 selling rate stronger than N395 recorded on Monday, while the Pound Sterling and the Euro closed at N480 and N415 respectively.

   At the Bureau De Change window, the naira was sold at N362 to the dollar, while the Pound Sterling and the Euro closed at N483 and N430 respectively.

   Trading at the interbank market saw the naira closed at N306.25.

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