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Home Markets Currencies

Naira rises in parallel market

Editor by Editor
April 1, 2015
in Currencies, Politics
DON’T MISS These Reports If You Invest In Shares or Plan To Someday
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The naira firmed 0.46 percent to 217 against the dollar on Wednesday on the parallel market, a black market dealer has said.

The dealer said he had seen little demand for dollar compared with before the polls.

The interbank opened at N197 to the dollar, a level it had traded at since February, after the Central Bank of Nigeria (CBN) pegged the rate, following a defacto devaluation.

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