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Home Markets Currencies

Naira Appreciates Against The Dollar At The Parallel Market‏

Editor by Editor
October 15, 2015
in Currencies, Politics
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  • After weeks of free falling against the Dollar, the Naira on Wednesday firmed against the dollar at the parallel market.
  • The naira gained N1 on Wednesday afternoon as it traded for N225 against the dollar after previously trading for N226 against the dollar.
  • In the same vein the naira also appreciated in value at the official interbank rate as it gained N0.02 to trade at N196.98 as against its previous value of N197.
  • Traders at the parallel market expressed the belief that the naira might experience further appreciation as the price of oil at the international market went up recently.
  • The price of oil has risen to 50.15 dollars at the international market.

 

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