Naira rises in parallel market

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.